Jumia Q1 Revenue Rises 39% to $50.6M as EBITDA Loss Narrows 32%
Jumia Technologies AG posted Q1 revenue of $50.6 million, up 39% year-over-year, and GMV of $211.2 million, up 32% after perimeter adjustments. Adjusted EBITDA loss narrowed 32% to $10.7 million and operating loss fell 26% to $13.9 million on improved cash flow.
1. Financial Highlights
Jumia generated $50.6 million in revenue for the first quarter of 2026, a 39% year-over-year increase, while adjusted GMV reached $211.2 million, up 32% on a perimeter-adjusted basis. Operating loss improved to $13.9 million, down 26%, and adjusted EBITDA loss narrowed 32% to $10.7 million, with liquidity of $62.6 million and net cash burn of $12.5 million.
2. Business Operations
Orders grew 31% year-over-year, and quarterly active customers increased 26%, driven by strong demand across categories. Nigeria led with a 42% GMV rise, while international seller volumes, particularly from China and Turkey, surged 87%, reflecting expanded marketplace supply.
3. Guidance and Outlook
Management reaffirmed full-year 2026 targets, including reaching adjusted EBITDA breakeven and positive cash flow by Q4. The company plans to leverage operating leverage built over 2022–2025, diversify smartphone suppliers and optimize logistics to navigate chip price inflation and regional supply disruptions.