Jumia Technologies AG announced its financial results for the fourth quarter and full year ended December 31, 2024, on February 20, 2025. For Q4 2024, revenue was $45.7 million, a 23% decrease year-over-year, or a 2% decrease in constant currency.
The company reported a loss of $19.5 million for the fourth quarter. Gross Merchandise Volume (GMV) for the period fell 12% year-over-year to $206.1 million. For the full year 2024, revenue was US$167.5 million, down 10% from FY 2023, with a loss per share of US$0.90, an improvement from US$0.98 loss in FY 2023.
Jumia provided guidance for full-year 2025, projecting GMV to be between $795 million and $830 million, representing a 12.5% year-over-year increase at the midpoint. Physical goods orders are expected to increase between 15% and 20% year-over-year, and the net loss before income taxes is forecasted to be between $65 million and $70 million, indicating a 30.5% reduction at the midpoint. The company ended Q4 with $133.9 million in cash and equivalents.
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