Jumia: Cleaning Up The Business For 2025
Portfolio Pulse from
Jumia's Q3 results exceeded expectations with a 29% increase in GMV and 9% revenue growth in constant-currency. The company is exiting South Africa and Tunisia to focus on profitable markets, which is stabilizing business trends.
December 23, 2024 | 7:30 pm
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Jumia's Q3 results exceeded expectations with significant growth in GMV and revenue in constant-currency. The company is exiting less profitable markets to focus on higher-margin products, stabilizing business trends.
Jumia's better-than-expected Q3 results, with significant growth in GMV and revenue, indicate positive business momentum. The strategic exit from less profitable markets like South Africa and Tunisia allows Jumia to concentrate on higher-margin products, which is likely to stabilize and improve profitability. This strategic refocus is expected to positively impact Jumia's stock price in the short term.
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