Jumia Technologies (JMIA) Reports Q3 Revenue of $33.7 Million
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Jumia Reports Third Quarter 2020 Results
November 10, 2020 7:00 AM ESTSignificant progress on path to profitability
Gross profit increased by 22% year-over-year
Operating loss decreased by 49% year-over-year
JumiaPay Total Payment Volume increased by 50% year-over-year
LAGOS, Nigeria--(BUSINESS WIRE)--
Jumia Technologies AG (NYSE: JMIA) (Jumia or the Company) announced today its financial results for the quarter ended September 30, 2020.
Results highlights
GMV was 187.3 million, down 28% year-over-year, as the effects of the business mix rebalancing initiated late... More