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Jumia Technologies shares are trading higher after the company reported better-than-expected Q2 EPS results.

Benzinga Newsdesk
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  1. Eric Volkman

    Why Jumia Technologies Stock Blasted Almost 16% Higher Last Month

    Jumia Technologies stock surged nearly 16% in August following strong Q2 earnings that showed 14% revenue growth to $52 million and 20% GMV growth to $207 million. The company secured $50 million in fresh capital, including a $25 million investment from the World Bank's International Finance Corporation. Despite continued net losses, management targets breakeven on adjusted EBITDA by Q4, with strong momentum particularly in Nigeria.

    JMIA