Mr. Youdao submitted the IPO prospectus to the US SEC: the first half revenue was 548 million yuan.
Sina Technology News Beijing time on the morning of October 1st, NetEase has today submitted to the United States Securities and Exchange Commission (SEC) IPO (initial public offering) prospectus. According to the prospectus, Youdao’s total revenue in the first half of 2019 was 548 million yuan, an increase of 67.67% over the previous year, and a net loss of 168 million yuan.
Prospectus shows that as of August 31, 2019, the average total MAU (monthly active users) was 105 million 900 thousand, compared with 94 million 200 thousand in the same period last year. Among them, the NetEase Youdao Dictionary MAU is 51 million 200 thousand, the official translation officer MAU is 2 million 510 thousand, and the road cloud note MAU is 5 million 300 thousand.
The number of NetEase’s top quality courses increased by 30.8% from 9 million 300 thousand in the first half of 2018 to 12 million 100 thousand in the first half of 2019. The number of paid student registrations rose from 110 thousand and 400 to 110 thousand and 400 in August 31, 2019, up 51.5%. In the first half of 2019, the average unit price of quality courses was 751, up 47.83% from the same period last year.
In the first half of 2018 and the first half of 2019, there were about 3 million 600 thousand registered users in the K-12 course, and about 58 thousand and 105 thousand were paid students respectively.