Jumia Reports First Quarter 2021 Results; Continued Progress Towards Profitability

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Go back to Jumia Reports First Quarter 2021 Results; Continued Progress Towards Profitability

Jumia Technologies (JMIA) Q1 Revenue Falls YoY, Adjusted EBTIDA Loss Also Decreases

May 11, 2021 7:20 AM EDT

Jumia Technologies (NYSE: JMIA) reported Q1 revenue of EUR27.37 million, versus EUR29.25 million reported last year. Adjusted EBITDA loss decreased by 24% year-over-year.

"Our first quarter results reflect solid progress towards profitability. The drivers remain consistent: selective and disciplined usage growth, gradual monetization and... More