Tuya Inc.: Unveiling Q4 & Fiscal Year 2024 Financial Results and Dividend Declaration
SAN FRANCISCO, CA – In an official announcement made on February 26, 2025, Tuya Inc. (“Tuya” or the “Company”), a prominent global AI cloud platform service provider, shared its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2024. The announcement also included the declaration of a dividend.
Financial Highlights
For the fourth quarter of 2024, Tuya reported total revenues of approximately $1.5 billion, representing a 35% year-over-year increase. The company’s GAAP net income for the quarter was $116.3 million, compared to a net loss of $4.3 million in the same period last year. The net income per diluted ADS for the quarter was $0.35.
For the fiscal year 2024, Tuya reported total revenues of approximately $5.2 billion, representing a 40% year-over-year increase. The company’s GAAP net income for the year was $386.6 million, compared to a net loss of $11.1 million in the previous year. The net income per diluted ADS for the year was $1.18.
Dividend Information
The Company announced a dividend of $0.15 per ordinary share, payable on March 31, 2025, to shareholders of record as of March 15, 2025. The ex-dividend date is March 13, 2025.
Impact on Individuals
For individual investors holding Tuya shares, the declaration of a dividend implies a distribution of a portion of the company’s earnings. This can provide a steady stream of income and potentially contribute to long-term investment growth. However, investors should consider their financial situation and investment objectives before deciding to reinvest the dividends or use them for other purposes.
Impact on the World
Tuya’s strong financial performance and dividend declaration indicate a robust and expanding business model. As a leading AI cloud platform service provider, Tuya’s success can contribute to the advancement of smart homes, cities, and industries. Moreover, the dividend payment represents a positive trend in corporate profitability and investor confidence in the technology sector.
Conclusion
Tuya Inc.’s impressive financial results for the fourth quarter and fiscal year 2024, along with the declaration of a dividend, underscore the company’s strength and potential for continued growth. As a global AI cloud platform service provider, Tuya’s impact on the world extends beyond its financial success, contributing to the development of smart homes, cities, and industries. For individual investors, the dividend provides an opportunity to earn a steady income from their investment in Tuya, further solidifying its position as a valuable addition to their portfolio.
- Tuya Inc. reported strong financial results for Q4 and FY 2024, with total revenues of $1.5 billion and $5.2 billion, respectively.
- GAAP net income for Q4 and FY 2024 were $116.3 million and $386.6 million, respectively.
- Tuya declared a dividend of $0.15 per ordinary share, payable on March 31, 2025.
- The dividend provides a source of income for individual investors and contributes to long-term investment growth.
- Tuya’s success as an AI cloud platform service provider contributes to the advancement of smart homes, cities, and industries.
