Tuya Inc. reported Q2 earnings of 4 cents per share, a 28.55% YoY revenue increase to $73.28m, with IoT PaaS revenue up 32.

Tuya Inc., a global cloud platform service provider, announced Q2 earnings of 4 cents per share, beating estimates by 100%. Q2 revenue of $73.28m increased 28.55% YoY, with IoT PaaS revenue at $54.3m, up 32.0%. The company declared a special cash dividend of $0.0589 per ordinary share to shareholders. Tuya's CEO, Mr. Xueji (Jerry) Wang, highlighted the company's commitment to delivering on promises. CFO Yao (Jessie) Liu resigned, with co-founder Yi (Alex) Yang taking on the additional role.

August 26, 2024
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