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Jumia Technologies Q2 Earnings Call Highlights
['Ethan Ryder']
Ticker Report
Marketplace revenue increased 34% to $28.8 million, while third-party sales rose 26% to $23.5 million.
GMV increased 23% year over year, adjusted for perimeter effects.
Nigeria’s physical-goods GMV rose 36%, Kenya’s increased 23%, Egypt’s grew 50% excluding deprioritized corporate sales, and Ghana’s rose 77%.
Jumia ended the quarter with $48.3 million of liquidity, including $47.4 million in cash and cash equivalents.
About Jumia Technologies (NYSE:JMIA)Jumia Technologies AG (NYSE: JMIA) operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments.