In 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100-120 million in Q1, $90-100 million in Q2, and $80-90 million in Q3, aiming for a 57-61% year-over-year reduction if met. The company exceeded these expectations and significantly outperformed in that regard. It ended the year with $58.2 million in adjusted EBITDA loss, marking a […]
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source https://techcrunch.com/2024/02/15/jumia-reduces-losses-by-over-90-amid-focus-on-restoring-order-and-gmv-growth/
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