Jumia Reports Lowest Losses Since IPO, GMV Growth in Five Countries

The African e-commerce firm's strategic actions result in improved liquidity and profitability, with a notable increase in JumiaPay transactions.

Jumia reported a 67% year-over-year decline in its adjusted EBITDA loss, marking the lowest since its IPO in 2019.
Jumia's GMV of physical goods increased in five countries year-over-year, despite a decline in user numbers.
Jumia's partnership with Starlink is expected to enhance its product range and brand offerings.
Jumia's total payment volume (TPV) showed a 3% increase on a constant currency basis, with JumiaPay transactions recording an 8% year-over-year growth.
Jumia revised its guidance for adjusted EBITDA losses to between $80 million and $90 million, a 57% to 61% year-over-year reduction.