Jumia targets 2027 profitability as Q1 2025 revenue shrinks to $36.3m – Businessamlive

Jumia targets 2027 profitability as Q1 2025 revenue shrinks to $36.3m – Businessamlive

Onome Amuge Africa’s leading  online marketplace, Jumia, has outlined a trajectory towards profitability, forecasting a break-even point on a loss before income tax basis by the fourth quarter of 2026, with full-year profitability anticipated in 2027. The ambitious target comes despite a challenging start to the year, marked by a 26 percent year-on-year decline in revenue to $36.3 million in the first quarter of 2025. Francis Dufay, Jumia’s chie…

Jumia Profitability Outlook: Can Africa’s E-Commerce Giant Rebound by 2027?

Jumia Technologies AG, Africa’s leading e-commerce platform, announced a loss of just $16.5 million in Q1 2025, a much smaller loss when compared to $39.6 million in the corresponding period last year. Even though it is an improvement to some extent, the overall outlook for Jumia’s profitability remains cautious given its continued top-line difficulties. Jumia … The post Jumia Profitability Outlook: Can Africa’s E-Commerce Giant Rebound by 2027?…

Jumia stock rallies 20% on future profit hopes

Shares of African e-commerce firm Jumia surged as much as 20% in early trading Friday after the e-commerce company reiterated its target for full-year profitability on a loss before income tax basis in 2027, even as it reported a wider operating loss in the first quarter. The stock climbed to $2.82 from its previous close of $2.40, pushing the company’s market capitalisation to $351.47 million, an increase from $285.2 million at the end of the f…