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Jumia Technologies reports a 13% revenue decline in Q3 2024 and exits South Africa and Tunisia.
Jumia Technologies AG's Q3 2024 results show a 13% revenue decline to $36.4 million, despite a 9% rise in constant currency.
Gross Merchandise Volume (GMV) fell 1% to $162.9 million but rose 29% in constant currency.
Operating losses increased to $20.1 million, while adjusted EBITDA loss rose to $17 million.
The company is ceasing operations in South Africa and Tunisia to focus on stronger markets, with liquidity improving to $164.6 million.
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Jumia Technologies reporta una disminución de ingresos del 13% en el tercer trimestre de 2024 y sale de Sudáfrica y Túnez.