Tuya reports Q3 EPS 3c vs. 4c last year

Reports Q3 revenue $82.5M vs. $81.6M last year. Platform-as-a-service revenue was $59.2 million, up approximately 2.4% year-over-year. Software-as-a-service and others revenue was $11.5 million, up approximately 15.4% year-over-year. Mr. Xueji (Jerry) Wang, Founder and Chief Executive Officer of Tuya (TUYA), commented, “Amid ongoing global trade uncertainties, Tuya delivered another quarter of strong execution and resilient performance. We achieved our ninth consecutive quarter of year-over-year revenue growth, driven by steady demand for our core PaaS and SaaS offerings and the continued enhancement of our product portfolio. Looking ahead, we remain focused on deepening our relationships with core customers, strengthening our global presence, and advancing product innovation, particularly in AI-driven software and developer services. Through disciplined operations and sustained investment in key technologies, we aim to further enhance the value we create for customers, partners, and shareholders.”