Jumia's second quarter 2026 revenue of $52M met expectations as Adjusted EBITDA loss narrowed 36%

Jumia Technologies AG reported second quarter 2026 revenue of $52.0 million, aligning with analyst estimates while demonstrating significant progress toward profitability. The company's Adjusted EBITDA loss narrowed by 36% year-over-year to $8.7 million, driven by disciplined cost-containment and a 10% reduction in headcount. Despite navigating supply chain disruptions in smartphones and regional inflationary pressures, the company maintained its goal of achieving EBITDA breakeven by the fourth quarter of 2026.

Key Highlights

• Adjusted EBITDA loss narrowed to $8.7 million from $13.6 million, primarily due to headcount optimization and improved marketplace monetization.
• GMV grew 23% year-over-year on an adjusted basis to $216.3 million, led by a 36% surge in the Nigerian market.
• The company secured a $50 million capital raise anchored by a $25 million investment from the International Finance Corporation to bolster its liquidity position.
• Management updated full-year 2026 GMV growth guidance to 20%-30% while reaffirming its target for 2027 full-year profitability.