Overview
Jumia Q3 revenue grows 25% yr/yr, driven by strong consumer demand
Company's GMV rises 21% yr/yr, reflecting robust consumer demand
Adjusted EBITDA loss improves to $14 mln, reflecting operational efficiency gains
Outlook
Jumia expects physical goods orders to grow 25%-27% in 2025
Company projects 2025 GMV growth of 15%-17%
Jumia forecasts 2025 loss before income tax of $50-$55 mln
Result Drivers
ORDER GROWTH - Orders increased 34% yr/yr, driven by enhanced product assortment and strong consumer demand
NIGERIA PERFORMANCE - Nigeria's orders grew 30% and GMV rose 43% yr/yr, highlighting strong market momentum
CROSS-BORDER ENGAGEMENT - Gross items sold from international sellers grew 52% yr/yr, indicating strong cross-border merchant engagement
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$45.60 mln
Q3 Adjusted EBITDA
-$14 mln
Q3 GMV
$197.20 mln
Q3 Operating Income
-$17.40 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Jumia Technologies AG is $6.22, about 69.9% below its November 11 closing price of $10.56
Press Release: ID:nACS4FRcfa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)