{"id":241,"date":"2025-02-21T23:22:58","date_gmt":"2025-02-21T22:22:58","guid":{"rendered":"https:\/\/techstream.africa\/?p=241"},"modified":"2025-02-21T23:22:58","modified_gmt":"2025-02-21T22:22:58","slug":"jumia-shares-plunge-28-amid-continued-losses","status":"publish","type":"post","link":"https:\/\/techstream.africa\/?p=241","title":{"rendered":"Jumia Shares Plunge 28% Amid Continued Losses"},"content":{"rendered":"\n<p class=\"p1\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"299\" height=\"168\" src=\"https:\/\/techstream.africa\/wp-content\/uploads\/2025\/02\/img_4729-1.png\" alt=\"\" class=\"wp-image-240\" \/><\/figure>\n\n\n\n<p class=\"p1\">Jumia\u2019s stock dropped 28%, falling from $3.88 to $2.82, after reporting continued losses in 2024 despite cost-cutting efforts. The company\u2019s market capitalization shrank to $285.2 million, a steep decline from $1.3 billion in Q3 2024.<\/p>\n\n\n\n<p class=\"p1\">Revenue fell 10% to $167.5 million, with Q4 earnings down 23% year-over-year. While order volume increased by 11%, Jumia\u2019s logistics costs rose 11%, and its active customers dropped to 8.3 million as it exited some markets.<\/p>\n\n\n\n<p class=\"p1\">Currency devaluations in Nigeria and Egypt further impacted Jumia\u2019s financials, with gross merchandise value (GMV) falling 4%. The company projects GMV growth of 10\u201315% in 2025, but investors remain skeptical amid macroeconomic instability and ongoing losses.<\/p>\n\n\n\n<p class=\"p1\">Read the full news here: <a href=\"https:\/\/techcabal.com\/2025\/02\/21\/jumia-share-fall\/\">Jumia Share Fall<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jumia\u2019s stock dropped 28%, falling from $3.88 to $2.82, after reporting continued losses in 2024 despite cost-cutting efforts. The company\u2019s 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\u2019s logistics&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-241","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=241"}],"version-history":[{"count":2,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/241\/revisions"}],"predecessor-version":[{"id":243,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/241\/revisions\/243"}],"wp:attachment":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}