JMIA - Why Marketplace Company Jumia Technologies Shares Are Seeing Blue Skies Today | Benzinga
Jumia Technologies AG (NYSE:JMIA) shares are trading higher after the company reported fourth-quarter FY23 financial results.
Revenue declined 2% Y/Y and was up 28% in constant currencies to $59 million in the quarter.
Marketplace revenue declined 10% Y/Y to $32.9 million in the quarter. Orders decreased by 3.7% Y/Y to 6.6 million, and quarterly active consumers fell 16.3% Y/Y to 2.3 million.
Total payment value (TPV) decreased 9.9% ...