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Tuya Inc released its Q3 2024 financial report: revenue and profit both increased, with the number of developers reaching a new high.
On November 18, USA time, the global cloud developer platform tuya inc (NYSE: TUYA, HKEX: 2391) announced its unaudited financial report for the third quarter of 2024. The report shows that the total revenue for the third quarter of 2024 was 81.6 million USD, an approximately 34% year-on-year increase. The non-GAAP net income was 20.1 million USD, with a net income margin increasing by 8.2 percentage points year-on-year to 24.7%, and the net cash inflow from operating activities was 23.9 million USD, steadily growing year-on-year. Among this, the IoT paas revenue was 5,
