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Jumia Technologies’ Model Shows Resilience, on Track for Breakeven EBITDA by Year-End

Priya Nigam

JMIA delivers a good Q2 performance against low expectations. Analyst cuts price target but remains positive on resilience amid headwinds.

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JMIA
Source
benzinga
Observed
Checked
Cadence
Captured once, then retained as an archive reference
Status
fresh

Keep reading

  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