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Dec 31, 2024
Jumia Q4 2024 Earnings Report
Jumia Reports Fourth Quarter 2024 Results
Key Takeaways
Jumia Technologies AG reported its fourth quarter 2024 financial results, with revenue decreasing 23% year-over-year to $45.7 million, though only down 2% in constant currency. GMV also declined by 12% year-over-year to $206.1 million, but saw a 13% increase in constant currency. The company's operating loss significantly widened to $17.3 million, and Adjusted EBITDA loss increased to $13.7 million, reflecting increased operational costs.
Revenue for Q4 2024 was $45.7 million, a 23% year-over-year decrease, or 2% decrease in constant currency.
GMV for Q4 2024 was $206.1 million, a 12% year-over-year decrease, or 13% increase in constant currency.
Operating loss for Q4 2024 was $17.3 million, a significant increase from $4.5 million in Q4 2023.
Physical goods Orders, excluding South Africa and Tunisia, increased 18% year-over-year, contributing to overall Orders growth of 11% to 7.4 million.
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CapyFin.comFirst-Party Sales Revenue
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CapyFin.com Forward Guidance
Jumia anticipates continued growth and improved operational efficiency in 2025, with physical goods Orders projected to increase by 15% to 20% year-over-year, and GMV expected to grow between 10% and 15% year-over-year, excluding foreign exchange impacts. The company forecasts a reduced Loss before Income Tax for the full year 2025.
Positive Outlook
- Anticipates physical goods Orders to grow between 15% and 20% year-over-year in 2025.
- GMV is projected to be between $795 million and $830 million in 2025, a year-over-year increase of 10% and 15%, respectively, excluding foreign exchange impacts.
- Forecasts Loss before Income Tax to be in the range of negative $65 million to negative $70 million, a year-over-year decrease of 33% and 28%, respectively.
- Committed to driving healthy growth and enhancing operational efficiency.
- Observing favorable trends in the first quarter of 2025.
Challenges Ahead
- Forward-looking statements are subject to change and involve inherent risks partially or fully beyond control.
- Risks include political and economic conditions across countries of operation.
- Broader economic impact of ongoing regional conflicts.
- Global supply chain issues.
- Actual results could differ materially and adversely from anticipated or implied forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income