Tuya Inc. (TUYA) Q2 2025 Earnings Call Transcript

Tuya Inc. (NYSE:TUYA) Q2 2025 Earnings Conference Call August 26, 2025 8:30 PM ET

Company Participants

Regina Wong – Corporate Participant
Xueji Wang – Founder, Co-Chairman & CEO
Yi Yang – Co-founder, COO, CFO & Executive Director

Conference Call Participants

Kai Xiao – China International Capital Corporation Limited, Research Division
Matt Ma – Jefferies LLC, Research Division
Timothy Zhao – Goldman Sachs Group, Inc., Research Division
Yang Liu – Morgan Stanley, Research Division

Operator

Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to Tuya Inc.’s Second Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, we are recording today’s call. If you have any objections, you may disconnect at any time.

I will now like to turn the call over to Ms. [ Regina Wong ], Investor Relations Senior Manager of Tuya. Regina, please go ahead.

Regina Wong

Thank you, operator. Hello, everyone. Welcome to our second quarter 2025 earnings call. Joining us today are our Founder and the CEO of Tuya, Mr. Jerry Wang; our Co-Founder and CFO, Mr. Alex Yang. The second quarter 2025 financial results and webcast of the conference call are available at ir.tuya.com. A replay of this call will also be available on our IR website in a few hours. Before we continue, I refer you to our safe harbor statement in our earnings press release, which applies to this call, as we will make forward- looking statements.

With that, I will now turn the call to our Founder and CEO, Mr. Jerry Wang. Jerry will deliver his remarks in Chinese, which will be followed by a corresponding English translation. Jerry, please.

Xueji Wang

[Interpreted] Hello, everyone. Thank you for joining Tuya’s earnings call for the second quarter of 2025. Let me start with a brief overview of our performance. In the