- Youdao (NYSE:DAO): Q2 Non-GAAP EPS of -$0.32 misses by $0.06; GAAP EPS of -$0.33.
- Revenue of $88.22M (+93.1% Y/Y) misses by $0.16M.
- Learning services and products were $73.6M.
- Gross margin was 45.2%, compared with 32.9% in Q2 2019.
- Gross billings of online courses increased 223.2% Y/Y to $76.7M and for Youdao Premium Courses to 64.7M, +214.5% Y/Y.
- Press Release