Jumia Technologies Q1 Revenue $49M, Up 19% YoY, GMV $181M, Up 5%
Portfolio Pulse from Benzinga Newsdesk
Jumia Technologies reported a Q1 revenue of $49M, marking a 19% increase year-over-year, with Gross Merchandise Volume (GMV) reaching $181M, up 5% from the previous year.
May 07, 2024 | 10:40 am
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Jumia Technologies reported a significant increase in Q1 revenue and GMV, indicating strong growth.
The reported increase in both revenue and GMV for Jumia Technologies suggests a positive growth trajectory, which is likely to be viewed favorably by investors. The 19% year-over-year increase in revenue and 5% increase in GMV indicate that the company is expanding its market presence and improving its financial health, which could lead to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100