有道发布3Q25 财报（下称Q3）：收入16.3 亿元，yoy+3.6%，增速超过我们此前预期（1.8%），主因广告业务受益于游戏行业带动加速增长；公司暑期加强主业战略性投入，Q3 经营利润约为2827 万元，略好于我们预期。公司连续五个季度实现盈利，前三季度经营利润同比激增 149.2%，广告业务持续高增，学习服务调整接近尾声，盈利质量与增长动能双优，维持“买入”。游戏投放驱动广告业务超预期，...
Source Link有道发布3Q25 财报（下称Q3）：收入16.3 亿元，yoy+3.6%，增速超过我们此前预期（1.8%），主因广告业务受益于游戏行业带动加速增长；公司暑期加强主业战略性投入，Q3 经营利润约为2827 万元，略好于我们预期。公司连续五个季度实现盈利，前三季度经营利润同比激增 149.2%，广告业务持续高增，学习服务调整接近尾声，盈利质量与增长动能双优，维持“买入”。游戏投放驱动广告业务超预期，...
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