In 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100 million to $120 million in Q1; $90 million to $100 million in Q2; and $80 million to $90 million in Q3, aiming for a 57% to 61% year-over-year reduction if met. The company exceeded these expectations and significantly outperformed in that regard. It ended […]
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Source : Jumia reduces losses by over 90% in Q4 amid focus on restoring order and GMV growth
