Jumia’s Q2 loss narrowed significantly while revenue grew 14% year-over-year, though it missed estimates by $0.27M.
Jumia Technologies reported a Q2 GAAP EPS loss of $0.05, beating expectations by $0.05. Revenue reached $52M, a 14% year-over-year increase, but fell short of estimates by $0.27M.
The company’s gross merchandise volume (GMV) rose 20% to $216.3M, up from $180.2M in the same period last year. Growth was driven by a shift from first-party to third-party sales, with constant-currency GMV up 15%.
No immediate market reaction was disclosed in the release.