Youdao: Operating Profitability Inflection Point Is In Sight
DAOYoudao(DAO) Seeking Alpha·2024-08-24 17:39
maybefalse My Buy investment rating for Youdao, Inc.'s (NYSE:DAO) shares stays unchanged. DAO's Q2 2024 bottom line beat and results briefing commentary indicate that the company is coming closer to reaching an operating profitability inflection point. DAO's first quarter results and its AI-related revenues were the focus of the prior May 27, 2024 update. I review Youdao's latest second quarter bottom line performance with this latest write-up. Narrower Than Expected Losses Were The Key Highlight Of DAO ...