Cover news reporter Fu Wenchao.
On February 29, NetEase Youdao announced its unaudited financial reports for the fourth quarter of 2023 and fiscal year 2023, which is also the first performance report of Youdao's education model "Ziyue" three months after it was approved.
According to the data, Youdao's net income in the fourth quarter reached 14800 million yuan, a year-on-year increase continued; Operating profit and net operating cash inflow reached record highs. Among them, the operating profit is 0800 million yuan achieved a single-quarter profit, a year-on-year increase of 2092%, net operating cash flow inflow of 1600 million yuan, a year-on-year increase of 910%。
Non-GAAP net income attributable to Youdao common shareholders was RMB69.3 million in the fourth quarter, compared to RMB31.1 million in the same period last year. The main financial indicators for the full year of 2023 improved year-on-year, and Youdao achieved a net income of 53900 million yuan, a year-on-year increase of 75%；Operating loss narrowed by 39 percent year-on-year8%。
With the help of AI technology, a number of Youdao's businesses have received market attention and positive feedback. Based on "Zi Yue 20", Youdao launched the virtual oral language coach HI Echo 2Version 0, which adds the "Oral Rating" function and expands the selection of virtual human characters.
It is worth mentioning that Youdao has established a strategic partnership with the British Council, the organizer of the IELTS test, and it is expected that users will be able to experience IELTS speaking simulation practice in HI ECHO in March this year. At present, it has nearly one million registered users.
Zhou Feng, CEO of Youdao, said: "We will continue to use the advantages of AI technology to continuously upgrade the 'Ziyue' model, further explore the application scenarios of the large model in the field of education and advertising, accelerate the implementation of products and applications, and better help users improve their learning and work efficiency." ”