Why Marketplace Company Jumia Technologies Shares Are Seeing Blue Skies Today

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% …

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