Jumia Technologies Reports First Quarter 2024 Earnings

Simply Wall St · 05/13 10:40

Jumia Technologies (NYSE:JMIA) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$48.9m (up 5.7% from 1Q 2023).
  • Net loss: US$40.7m (loss widened by 28% from 1Q 2023).
  • US$0.40 loss per share.
NYSE:JMIA Earnings and Revenue Growth May 13th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Jumia Technologies Earnings Insights

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are up 9.9% from a week ago.

Risk Analysis

Be aware that Jumia Technologies is showing 2 warning signs in our investment analysis and 1 of those is significant...