U.S. Stock Market News | Datasea's stock price surged by over 20%, with a projected 230% year-on-year revenue growth in the first quarter of 2025

On Thursday, Datasea's stock price surged rapidly, rising by 25% at one point during the trading session. As of the time of writing, it has increased by over 20%, reaching $2.6942. On the news front, the company announced in advance today that the first quarter revenue for the fiscal year 2025 ending on September 30, 2024 is expected to be approximately $22.7 million, representing a growth of about 230% compared to the $6.88 million in the first quarter of the 2024 fiscal year. The projected revenue is almost equivalent to the full-year revenue of $23.98 million in the 2024 fiscal year. The strong revenue growth is mainly attributed to Datasea's rapid expansion in China's 5G concept, artificial intelligence, and multimodal digital business