Jumia remains in the red in Q4 2024, despite years of cost cutting
Jumia reported a revenue of $45.7 million for Q4 2024, down 23% year-over-year. Operational losses grew to $17.3 million, compared to $4.5 million in the same period last year.
Investors react positively after Jumia’s Q4 results
Jumia's shares jumped by 41.18% after sharing its Q4 2023 financial results. Jumia reduced its operating loss to $4.5 million, the lowest in four years.
