Jumia Technologies reports Q2 revenue $45.6M vs. $36.5M last year

GMV of $180.2 million compared to $170.1 million in the second quarter of 2024, up 6% year-over-year, and up 5% in constant currency. Excluding South Africa and Tunisia, physical goods GMV grew 10% year-over-year. “Our second quarter results demonstrate continued momentum in our core consumer business, with robust usage growth and strong engagement across markets. We believe year-over-year trends are reflecting the underlying strength of our platform. We also delivered a meaningful improvement in cash burn quarter-over-quarter, driven by growth and a positive impact from working capital. This reinforces our confidence in reaching our strategic goal to breakeven on a Loss before Income tax basis in the fourth quarter of 2026 and achieving full-year profitability in 2027. Based on current trends, we are raising our full-year 2025 guidance and long-term profitability targets. These results underscore the resilience of our platform and our focus on profitable growth and operational excellence.” -Francis Dufay, CEO