Jumia Technologies AG registered revenues of US$ 186.4 million as of 31st December 2023

In Q4 of 2023, tax provisions in specific countries help reduce the losses. Furthermore, in a bid to reduce losses the firm opted to exit the food delivery business and focus on physical items such as electronics and fashion items. (source: Jumia Company news 15th February, 2024, 'Jumia reduces losses by over 90% in Q4 amid focus on restoring order and GMV growth (TechCrunch)')