Tuya Inc. Reports Robust Growth and Special Dividend

Tuya (TUYA) has released an update.

Tuya Inc. has reported a significant 28.6% year-over-year increase in total revenue to $73.3 million for Q2 2024, alongside the declaration of a special dividend. Marking a major company milestone, Tuya achieved its first positive quarterly non-GAAP operating margin at 10%. These results reflect Tuya’s growing influence as a global cloud platform service provider and its successful key-account strategy.

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