Exhibit 99.1 Tuya Reports First Quarter 2024 Unaudited Financial Results SANTA CLARA, Calif., May, 20, 2024/PRNewswire/– Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights · Total revenue was US61.7 million, up approximately 29.9% year over year (1Q2023: US$47.5 million). · IoT platform-as-a-service ("PaaS") revenue w ...