Youdao (DAO) revenue breakdown
By product, Online marketing services is the largest at 43% of fiscal 2025 revenue; Smart devices grew fastest, 80% a year over 8 years.
Revenue by product
Fiscal years, as Youdao reports them in its 10-K filings; fiscal 2025 total $5.9B.
| Products | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Online marketing services | $306M | $303M | $453M | $473M | $594M | $672M | $1.3B | $2.0B | $2.5B | 43% |
| Tutoring services | — | — | — | $1.4B | $2.3B | $2.9B | $2.9B | $2.4B | $2.1B | 35% |
| Smart devices | $7M | $31M | $152M | $540M | $980M | $1.3B | $909M | $904M | $740M | 13% |
| Fee-based premium services | — | — | — | $145M | $170M | $198M | $234M | $363M | $544M | 9% |
| Learning services | $143M | $398M | $602M | — | — | — | — | — | — | — |
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Where does Youdao make its money?
In fiscal 2025, by product: Online marketing services $2.5B, Tutoring services $2.1B, Smart devices $740M, Fee-based premium services $544M.
From Youdao's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.