saudiwintergames| U.S. stocks change| Netease rose more than 2.6% Q1 net income increased by nearly 20% year-on-year
Gelonghui May 23| Netease Youdao (DAOsaudiwintergames.US) rose 2.62%saudiwintergames, quoted at $3.725. Netease Youdao's net income in the first quarter reached 1.39 billion yuan, a year-on-year increase of 19.7%. Operating profit achieved a single quarter profit of 30 million yuan, maintaining profitability for two consecutive quarters for the first time. Under non-GAAP, net profit attributable to Netease Youdao for the quarter was 20 million yuan, turning a year-on-year profit. Operating cash outflow improved by 10.5% compared with the same period last year.
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