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Jumia reduces losses by over 90% amid focus on restoring order and GMV growth

  • TechCrunch faviconTechCrunch

    By Tage Kene-OkaforFeb 15, 2024, 1:37 pm154 pts
    photo of Jumia reduces losses by over 90% amid focus on restoring order and GMV growth imageIn 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100-120 million in Q1, $90-100 million in Q2, and $80-90 million in Q3, aiming for a 57-61% year-over-year reduction if met. The company exceeded these expectations and significantly outperformed in that regard. It ended the year with $58.2…
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