Jumia Technologies AG (JMIA) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Jumia Technologies AG reports a mixed financial outcome for Q2 2024, with revenue down by 17% year-over-year but showing a positive trend in constant currency with a growth of 15%. The company has made headway in reducing its operating loss and improving cash efficiency, with a significant 55% reduction in quarterly cash burn. These results reflect Jumia’s strategic focus on cost management and growth in the African e-commerce market.
For further insights into JMIA stock, check out TipRanks’ Stock Analysis page.