)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Youdao
Youdao (DAO) investor relations material
Youdao Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary20 Aug, 2026
Executive summary
Net revenues for Q2 2026 reached RMB 1.5 billion (US$216.2 million), up 3.5% year-over-year, with operating profit at a record RMB 111.5 million, nearly fourfold year-over-year.
Eighth consecutive quarter of operating profitability, with net income turning positive at RMB 73.8 million, compared to a net loss in Q2 2025.
AI-driven strategy and the Confucius large language model accelerated growth and innovation across learning, marketing, and smart device segments.
First half 2026 net revenues totaled RMB 2.8 billion, up 3.6% year-over-year, and operating profits rose 27.3% to RMB 169 million.
Non-GAAP net income attributable to ordinary shareholders was RMB 90.6 million, over sevenfold increase year-over-year.
Financial highlights
Q2 2026 total net revenue: RMB 1.5 billion (US$216.2 million), up 3.5% year-over-year.
Learning services revenue: RMB 795.6 million, up 20.9% year-over-year; smart devices revenue: RMB 86.8 million, down 31.5%; online marketing services revenue: RMB 584.4 million, down 7.7%.
Gross margin improved to 48.9% in Q2 2026 from 43.0% in Q2 2025; learning services gross margin: 65.5%, smart devices: 32.8%, online marketing: 28.7%.
Net income attributable to shareholders: RMB 73.8 million, compared to a net loss of RMB 17.8 million in Q2 2025; non-GAAP net income: RMB 90.6 million.
Net cash from operating activities: RMB 334.2 million; cash and short-term investments: RMB 849.3 million as of June 30, 2026.
Outlook and guidance
Continued focus on AI-native strategy and vertical LLMs to drive growth in learning and advertising.
Gross margin expected to continue improving in Q3 2026, with smart devices margin anticipated to recover to over 40% in the second half.
Prioritizing profitable and sustainable growth over rapid expansion in online marketing.
Multiple new AI agent and model product launches planned for September 2026.
Focus remains on sustainable growth, operational efficiency, and expanding AI applications.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Youdao
- Net revenues up 3.8% year-over-year, led by AI-driven learning and marketing growth.DAO
Q1 2026 - 2025 saw record revenue, profit growth, and global AI expansion, with share buybacks extended.DAOQ4 2025
- Online marketing services surged 51.1% YoY, driving Q3 revenue growth despite margin pressure.DAOQ3 2025
- First-ever Q2 profitability with 7.2% revenue growth and strong AI-driven segment gains.DAOQ2 2025
- Record Q3 profit driven by AI-led growth in smart devices and online marketing.DAOQ3 2024
- Q2 revenue up 9.5%, online marketing surged, and profitability is expected for 2024.DAOQ2 2024
- Record Q1 operating income and net income growth driven by AI innovation and cost discipline.DAOQ1 2025
- Record full-year profit in 2024, fueled by AI and online marketing growth.DAOQ4 2024
Next Youdao earnings date
Q3 202619 Nov, 2026
Youdao
Next Youdao earnings date
Q3 202619 Nov, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Youdao Inc., a subsidiary of NetEase Inc., is an internet technology company headquartered in Hangzhou, China. Founded in 2006, Youdao operates through three main segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides a variety of learning content, applications, and solutions for different age groups through its websites and mobile applications. Youdao's learning services include online courses, tutoring, and premium services, with offerings ranging from STEAM courses to adult and vocational education, including foreign language and digital skills training. The company is headquartered in Hangzhou, China, and its shares are listed on the NYSE.