Datasea Q2 Revenue Increases
(RTTNews) - Datasea Inc. (DTSS), Friday announced second-quarter financial report, revealing an increase of about 81.4 percent in revenue to approximately $20.5 million, compared to nearly $11.3 million last year.
Datasea explained that the revenue growth was primarily driven by the growth of the company's 5G+AI multimodal digital business in China, especially the continuous enhancement of the effectiveness and efficiency of 5G multimodal digital products and services through AI technology.
Gross profit for the company's second fiscal quarter of 2025 was approximately $0.4 million, compared to approximately $0.1 million in the previous year.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.