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Youdao (DAO) Revenue & Revenue Breakdown

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Youdao Revenue Highlights

Latest Revenue (Y)

$5.39B

Latest Revenue (Q)

$1.39B

Main Segment (Y)

Learning Services

Main Geography (Y)

Learning Services

Youdao Revenue by Period

Youdao Revenue by Year

DateRevenueChange
2023-12-31$5.39B7.50%
2022-12-31$5.01B24.84%
2021-12-31$4.02B26.78%
2020-12-31$3.17B142.74%
2019-12-31$1.30B78.36%
2018-12-31$731.60M60.53%
2017-12-31$455.75M-

Youdao generated $5.39B in revenue during NA 2023, up 7.50% compared to the previous quarter, and up 736.64% compared to the same period a year ago.

Youdao Revenue by Quarter

DateRevenueChange
2024-03-31$1.39B-5.99%
2023-12-31$1.48B-3.79%
2023-09-30$1.54B27.53%
2023-06-30$1.21B3.73%
2023-03-31$1.16B-19.99%
2022-12-31$1.45B3.68%
2022-09-30$1.40B46.66%
2022-06-30$956.23M-20.35%
2022-03-31$1.20B14.47%
2021-12-31$1.05B-24.40%
2021-09-30$1.39B7.26%
2021-06-30$1.29B-3.47%
2021-03-31$1.34B21.06%
2020-12-31$1.11B23.52%
2020-09-30$896.04M43.76%
2020-06-30$623.29M15.13%
2020-03-31$541.39M31.91%
2019-12-31$410.43M18.65%
2019-09-30$345.91M7.15%
2019-06-30$322.81M43.01%
2019-03-31$225.73M-1.89%
2018-12-31$230.09M31.97%
2018-09-30$174.35M-

Youdao generated $1.39B in revenue during Q1 2024, up -5.99% compared to the previous quarter, and up 95.73% compared to the same period a year ago.

Youdao Revenue Breakdown

Youdao Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 22Dec 21Dec 20Dec 19
Learning Services$2.75B$3.08B$2.44B$2.15B$699.83M
Online Marketing Services$1.97B$672.36M$593.95M$472.88M$453.01M
Smart Devices$903.67M$1.26B$980.42M--
Fee Based Premium Services$362.63M$198.25M$170.38M$144.95M$92.26M
Tutoring Services$2.38B$2.89B$2.27B--
Learning Products---$539.96M$152.04M
Online Courses Services---$2.01B$607.57M

Youdao's latest annual revenue breakdown by segment (product or service), as of Dec 24: Learning Services (32.81%), Tutoring Services (28.48%), Online Marketing Services (23.59%), Smart Devices (10.79%), and Fee Based Premium Services (4.33%).

Quarterly Revenue by Product

Product/ServiceDec 20Sep 20
Online Marketing Services$149.69M$335.05M
Online Courses Services-$1.32B
Fee Based Premium Services$39.37M$105.58M
Learning Products$290.64M$302.65M
Learning Services-$1.42B

Youdao's latest quarterly revenue breakdown by segment (product or service), as of Dec 20: Learning Products (60.59%), Online Marketing Services (31.20%), and Fee Based Premium Services (8.21%).

Youdao Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21Dec 20Dec 19
Learning Services$3.08B$2.44B$2.15B$699.83M
Tutoring Services$2.89B$2.27B--
Fee Based Premium Services$198.25M$170.38M$144.95M$92.26M
Smart Devices$1.26B$980.42M--
Online Marketing Services$672.36M$593.95M$472.88M$453.01M
Learning Products--$539.96M$152.04M
Online Courses Services--$2.01B$607.57M

Youdao's latest annual revenue breakdown by geography, as of Dec 22: Learning Services (38.09%), Tutoring Services (35.64%), Smart Devices (15.52%), Online Marketing Services (8.30%), and Fee Based Premium Services (2.45%).

Quarterly Revenue by Country

CountryDec 20Sep 20
Online Courses Services$692.28M$1.32B
Learning Products$237.31M$302.65M
Learning Services$731.64M$1.42B
Online Marketing Services$137.84M$335.05M
Fee Based Premium Services$39.37M$105.58M

Youdao's latest quarterly revenue breakdown by geography, as of Dec 20: Learning Services (39.80%), Online Courses Services (37.66%), Learning Products (12.91%), Online Marketing Services (7.50%), and Fee Based Premium Services (2.14%).

Youdao Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
DAOYoudao$5.39B$1.39B
GOTUGaotu Techedu$2.96B$946.88M
AFYAAfya$2.88B$804.24M
BEDUBright Scholar Education$2.12B$521.45M
ATGEAdtalem Global Education$1.58B$447.73M
LAURLaureate Education$1.57B$33.30M
TALTAL Education Group$1.49B$429.56M
VSTAVasta Platform$1.49B$460.72M
STRAStrategic Education$1.22B$303.59M
APEIAmerican Public Education$624.56M$153.12M
CLEUChina Liberal Education$2.89M$9.02M

DAO Revenue FAQ

What is Youdao’s yearly revenue?

Youdao's yearly revenue for 2023 was $5.39B, representing an increase of 7.50% compared to 2022. The company's yearly revenue for 2022 was $5.01B, representing an increase of 24.84% compared to 2021. DAO's yearly revenue for 2021 was $4.02B, representing an increase of 26.78% compared to 2020.

What is Youdao’s quarterly revenue?

Youdao's quarterly revenue for Q1 2024 was $1.39B, a -5.99% decrease from the previous quarter (Q4 2023), and a 19.65% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $1.48B, a -3.79% decrease from the previous quarter (Q3 2023), and a 1.83% increase year-over-year (Q4 2022). DAO's quarterly revenue for Q3 2023 was $1.54B, a 27.53% increase from the previous quarter (Q2 2023), and a 9.72% increase year-over-year (Q3 2022).

What is Youdao’s revenue growth rate?

Youdao's revenue growth rate for the last 3 years (2021-2023) was 34.20%, and for the last 5 years (2019-2023) was 313.00%.

What are Youdao’s revenue streams?

Youdao's revenue streams in c 24 are Learning Services, Online Marketing Services, Smart Devices, Fee Based Premium Services, and Tutoring Services. Learning Services generated $2.75B in revenue, accounting 32.81% of the company's total revenue, down -10.93% year-over-year. Online Marketing Services generated $1.97B in revenue, accounting 23.59% of the company's total revenue, up 193.74% year-over-year. Smart Devices generated $903.67M in revenue, accounting 10.79% of the company's total revenue, down -28.08% year-over-year. Fee Based Premium Services generated $362.63M in revenue, accounting 4.33% of the company's total revenue, up 82.91% year-over-year. Tutoring Services generated $2.38B in revenue, accounting 28.48% of the company's total revenue, down -17.37% year-over-year.

What is Youdao’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Youdao was Learning Services. This segment made a revenue of $2.75B, representing 32.81% of the company's total revenue.