Strong Revenue Growth
Revenue rose by 25% year-over-year to $45.6 million, driven by increased usage and stronger monetization of the marketplace.
Physical Goods Orders Increase
Physical goods orders grew 18% year-over-year, and GMV increased by 10%, excluding the impact of exits from South Africa and Tunisia.
Improved Cash Burn and Loss Reduction
Cash burn significantly reduced to $12.4 million, with loss before income tax narrowed to $16.3 million for the quarter.
Successful Jumia Anniversary Campaign
The campaign strengthened consumer engagement and drove order growth, with over 38,500 sellers participating.
Expansion in Underserved Areas
Orders from underserved upcountry regions now represent 59% of total volumes, up from 52% year-over-year.
Nigeria and Kenya Market Performance
Nigeria posted a 25% increase in physical goods orders and a 36% rise in GMV, while Kenya saw a 38% growth in orders and a 31% increase in GMV.
Launch of Advanced Seller Advertising Platform
Advertising revenue was $1.9 million, with plans to scale this high margin revenue stream.