Jumia Reports Fourth Quarter 2024 Results
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Jumia Technologies AG reported its Q4 2024 financial results, showing a revenue of $45.7 million, which is a 23% decrease year-over-year, or a 2% decrease in constant currency. The company highlighted strategic initiatives that have led to growth in orders and active customers, as well as operational efficiency gains through cost discipline and targeted marketing.
February 20, 2025 | 12:00 pm
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Jumia Technologies AG reported a 23% year-over-year revenue decline for Q4 2024, but highlighted growth in orders and active customers due to strategic initiatives. The company also achieved operational efficiency gains through cost discipline and targeted marketing.
The significant year-over-year revenue decline is likely to negatively impact the stock price in the short term. However, the company's strategic initiatives leading to growth in orders and active customers, along with operational efficiency gains, may mitigate some negative sentiment.
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