Jumia’s stock dropped 28%, falling from $3.88 to $2.82, after reporting continued losses in 2024 despite cost-cutting efforts. The company’s market capitalization shrank to $285.2 million, a steep decline from $1.3 billion in Q3 2024.
Revenue fell 10% to $167.5 million, with Q4 earnings down 23% year-over-year. While order volume increased by 11%, Jumia’s logistics costs rose 11%, and its active customers dropped to 8.3 million as it exited some markets.
Currency devaluations in Nigeria and Egypt further impacted Jumia’s financials, with gross merchandise value (GMV) falling 4%. The company projects GMV growth of 10–15% in 2025, but investors remain skeptical amid macroeconomic instability and ongoing losses.
Read the full news here: Jumia Share Fall