Jumia Technologies reports Q3 revenue $45.6M vs. $36.4M last year

GMV of $197.2M compared to $162.9M in the third quarter of 2024, up 21% year-over-year, and up 13% in constant currency. Excluding South Africa and Tunisia, physical goods GMV grew 26% year-over-year. “This quarter marks a significant acceleration in customer demand and order growth, driven by strong execution across our markets and growing consumer trust in the Jumia brand. We believe Jumia has reached an inflection point as our compelling value proposition, and improved operational discipline position us for sustainable, profitable growth. We continue to strengthen our cost structure and sharpen operational discipline, reinforcing our path toward profitability. Our focus remains on execution and customer engagement as we build a more efficient business. We believe that we are on track to reach breakeven on a Loss before Income tax basis in Q4 2026 and achieve full-year profitability in 2027, positioning Jumia for long-term growth and value creation,” said Francis Dufay, CEO.