Shares of Jumia Technologies AG (JMIA) nosedived 29.17% in pre-market trading on Thursday, as investors reacted negatively to the company's recently released first-quarter financial results for 2025. The sharp decline suggests that the e-commerce platform's performance fell significantly short of market expectations.

According to the report, Jumia Technologies posted Q1 revenue of $36.3 million. However, the company's adjusted EBITDA showed a loss of $15.7 million, indicating ongoing profitability challenges. The combination of modest revenue and continued losses appears to have spooked investors, leading to the substantial pre-market sell-off.

While the full details of market expectations were not provided, the magnitude of the stock's decline implies that these results were well below what analysts and investors had anticipated. The pre-market plunge highlights the market's immediate and strong reaction to financial underperformance, especially for growth-oriented companies in the e-commerce sector. As trading opens, it remains to be seen whether Jumia can recover some of its losses or if this downward trend will persist throughout the session.