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Jumia’s venture into quick commerce could slow its path to profitability
TechCrunch ExtraCrunch· 2 years agoProfitability has been an ongoing theme for Jumia since it went public in 2019. While the company’s...
Jumia to cut products and overhead as new management chases profits
TechCrunch· 1 year agoFrancis Dufay, the ex-chief at Jumia Ivory Coast and now acting CEO of Jumia -- took charge of the...
Could Jumia Technologies Become the Next Amazon?
Motley Fool· 10 months agoWhen Jumia (NYSE: JMIA) went public four years ago, many investors hailed the e-commerce company as the "Amazon (NASDAQ: AMZN) of Africa." It had already...
Jumia quit food delivery because of deep-pocketed 'aggressive' rivals, CEO says
TechCrunch· 5 months agoLast week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery...
Jumia Technologies Ag (JMIA) Q1 2024 Earnings Call Transcript
Motley Fool via Yahoo Finance· 1 week agoImage source: The Motley Fool. Jumia Technologies Ag (NYSE: JMIA) Q1 2024 Earnings Call May 07,...
Jumia reports GMV growth in physical goods across five countries and lowest losses since IPO
TechCrunch· 6 months agoIn Q3 2023, Jumia reported an adjusted EBITDA loss of $15 million, marking the lowest since its IPO...
Jumia discontinues food delivery across seven markets, shifts focus to expanding physical goods...
TechCrunch· 5 months agoPan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery...
Jumia expects losses not to exceed $100M this year, per Q3 financials
TechCrunch· 9 months agoIn the first quarter of 2023, we reported that Jumia recorded its lowest losses in four years....
Jumia reaches lowest losses in four years under new management
TechCrunch· 12 months agoQ1 2023 marks the first quarter Jumia’s new management implemented its strategy after riding out the...
Jumia reduces losses by over 90% in Q4 amid focus on restoring order and GMV growth
TechCrunch· 3 months agoIn 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100 million to $120 million in Q1;...