BREAKING: Jumia narrows losses to $16.5 million in Q1 ’25 as currency problems pressure revenues
- Jumia reported a pre-tax loss of $16.5 million for Q1 2025.
- Revenue contracted to $36.3 million, a 26% year-over-year decline.
- Quarterly active users grew to 2.1 million, up from 1.9 million in Q1 2024.
While Jumia is making strides towards improving its financial performance, the significant revenue decline and ongoing losses indicate that the company faces substantial challenges ahead. The optimism expressed by the CEO may not fully align with the current financial realities, and stakeholders should closely monitor the effectiveness of the company's strategies to regain profitability.
