Jumia stock rallies 20% on future profit hopes
Jumia's shares increased by 20% in early trading, climbing to $2.82. The company reported a wider operating loss of $18.7 million in Q1 2024, nearly doubling from $8.3 million in the previous year.
BREAKING: Jumia narrows losses to $16.5 million in Q1 ’25 as currency problems pressure revenues
Jumia reported a pre-tax loss of $16.5 million for Q1 2025. Revenue contracted to $36.3 million, a 26% year-over-year decline.
Jumia remains in the red in Q4 2024, despite years of cost cutting
Jumia reported a revenue of $45.7 million for Q4 2024, down 23% year-over-year. Operational losses grew to $17.3 million, compared to $4.5 million in the same period last year.
