Jumia's Q1 Surge: Profitability in Sight for Africa's E-commerce Giant

Jumia Technologies stock surges as Q1 numbers show progress towards profitability. Active customers up 24% to 2.5M, orders for physical goods climbed 30% to 5.9M. New merchants flocking to the platform, with gross items sold from international sellers exploding 87%. Overall, GMV rose 31% to $211M, revenue grew 39% to $56.6M. Operating loss narrowed 26% to $13.9M, setting the stage for full-year profitability by 2027. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4eb1aa2343ffff76

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