A display may have an array of pixels. Display driver circuitry may supply data and control signals to the pixels. Each pixel may have seven transistors, a capacitor, and a light-emitting diode such as an organic light-emitting diode. The seven transistors may receive control signals over three control lines, may receive data over a data line, may receive a reference voltage from a reference voltage terminal, and may receive power from a pair of power supply terminals. The display driver circuitry may repeatedly operate each pixel in an initialization phase in which the drive transistor is preconditioned with on-bias stress, a data loading and threshold voltage sampling phase, and an emission phase.