Stock Track | Jumia Technologies Jumps in Pre-Market on Q3 Earnings: Signs of Improvement Amid Challenges

Stock Track11-11

Jumia Technologies AG (JMIA), the leading e-commerce platform in Africa, saw its stock soar 5.76% in pre-market trading on November 11, 2024, following the release of its third-quarter 2024 earnings report. The company's shares reacted positively despite a mixed financial performance, as investors focused on signs of improvement and growth potential amid ongoing challenges.

In the third quarter, Jumia reported a 13% year-over-year decline in revenue to $36.4 million, primarily due to currency devaluations across its operating markets. However, the company's Marketplace Revenue, which represents its core e-commerce business, grew 7% year-over-year to $20.6 million, indicating resilience in its core operations.

One of the key highlights was the 1% year-over-year growth in quarterly active customers, reaching 2 million, marking the first increase since Q3 2022. This improvement in customer retention, coupled with a 29% growth in GMV (Gross Merchandise Volume) in constant currency, suggests strong underlying demand for Jumia's e-commerce platform despite macroeconomic challenges.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1179908549?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-11 18:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1179908549","market":"hk","top_or_hot":-1,"title":"Stock Track | Jumia Technologies Jumps in Pre-Market on Q3 Earnings: Signs of Improvement Amid Challenges","media":"Stock Track","content":"<p>Jumia Technologies AG (JMIA), the leading e-commerce platform in Africa, saw its stock soar 5.76% in pre-market trading on November 11, 2024, following the release of its third-quarter 2024 earnings report. The company's shares reacted positively despite a mixed financial performance, as investors focused on signs of improvement and growth potential amid ongoing challenges.</p>\n\n<p>In the third quarter, Jumia reported a 13% year-over-year decline in revenue to $36.4 million, primarily due to currency devaluations across its operating markets. However, the company's Marketplace Revenue, which represents its core e-commerce business, grew 7% year-over-year to $20.6 million, indicating resilience in its core operations.</p>\n\n<p>One of the key highlights was the 1% year-over-year growth in quarterly active customers, reaching 2 million, marking the first increase since Q3 2022. This improvement in customer retention, coupled with a 29% growth in GMV (Gross Merchandise Volume) in constant currency, suggests strong underlying demand for Jumia's e-commerce platform despite macroeconomic challenges.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Jumia Technologies Jumps in Pre-Market on Q3 Earnings: Signs of Improvement Amid Challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Jumia Technologies Jumps in Pre-Market on Q3 Earnings: Signs of Improvement Amid Challenges\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-11 18:54 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Jumia Technologies AG (JMIA), the leading e-commerce platform in Africa, saw its stock soar 5.76% in pre-market trading on November 11, 2024, following the release of its third-quarter 2024 earnings ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JMIA","symbol_name":"Jumia Technologies AG","start_time":0,"source_url":"","article_id":"1179908549","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179908549","pubTimestamp":1731322462,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Jumia Technologies AG , the leading e-commerce platform in Africa, saw its stock soar 5.76% in pre-market trading on November 11, 2024, following the release of its third-quarter 2024 earnings report. The company's shares reacted positively despite a mixed financial performance, as investors focused on signs of improvement and growth potential amid ongoing challenges.In the third quarter, Jumia reported a 13% year-over-year decline in revenue to $36.4 million, primarily due to currency devaluati","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"JMIA":"Jumia Technologies AG"},"translate_title":"股票赛道Jumia Technologies第三季度盈利盘前上涨：挑战中出现改善迹象","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JMIA":1},"content_text":"Jumia Technologies AG (JMIA), the leading e-commerce platform in Africa, saw its stock soar 5.76% in pre-market trading on November 11, 2024, following the release of its third-quarter 2024 earnings report. The company's shares reacted positively despite a mixed financial performance, as investors focused on signs of improvement and growth potential amid ongoing challenges.\nIn the third quarter, Jumia reported a 13% year-over-year decline in revenue to $36.4 million, primarily due to currency devaluations across its operating markets. However, the company's Marketplace Revenue, which represents its core e-commerce business, grew 7% year-over-year to $20.6 million, indicating resilience in its core operations.\nOne of the key highlights was the 1% year-over-year growth in quarterly active customers, reaching 2 million, marking the first increase since Q3 2022. This improvement in customer retention, coupled with a 29% growth in GMV (Gross Merchandise Volume) in constant currency, suggests strong underlying demand for Jumia's e-commerce platform despite macroeconomic challenges.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1179908549"}