Shares of Jumia Technologies AG (JMIA) tumbled 5.40% in pre-market trading on Wednesday following the release of the company's third-quarter earnings report. The African e-commerce giant's results fell short of analyst expectations, triggering a sell-off among investors.

Jumia reported Q3 revenue of $45.6 million, representing a 25% year-over-year increase from $36.4 million. However, this figure missed the FactSet analyst estimate of $49.7 million, indicating slower growth than anticipated. The company's Gross Merchandise Volume (GMV) reached $197.2 million, up 21% compared to the same period last year.

Despite the revenue miss, Jumia showed some positive signs. The company narrowed its Q3 loss to $17.4 million, an improvement from the $20.1 million loss reported in the previous year and better than the $18.9 million loss analysts had expected. Looking ahead, Jumia maintains its strategic goal of reaching breakeven on a loss before income tax basis in the fourth quarter of 2026 and aims for full-year profitability in 2027. However, the market's focus on the revenue shortfall appears to be overshadowing these improvements, leading to the significant pre-market decline.