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Jumia Reports First Quarter 2021 Results; Continued Progress Towards Profitability

Press release content from Accesswire. The AP news staff was not involved in its creation. Jumia Reports First Quarter 2021 Results; Continued Progress Towards Profitability May 11, 2021 GMT Gross profit increased by 11% year-over-yearGross Profit after Fulfillment expense was up 149% year-over-yearAdjusted EBITDA loss decreased by 24% year-over-yearLAGOS, NIGERIA / ACCESSWIRE / May 11, 2021 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" ... Gross profit increased by 11% year-over-yearGross Profi...
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Source: apnews.com

Paysafe Limited: Paysafe Reports First Quarter 2021 Results and Reaffirms 2021 Outlook

Paysafe Limited: Paysafe Reports First Quarter 2021 Results and Reaffirms 2021 Outlook First Quarter 2021 Financial Highlights (metrics compared to first quarter of 2020) Revenue of $377.4 million, increased 5% Net loss attributable to the Company of $49.1 million, compared to net loss of $51.1 million Total Payment Volume of $27.7 billion, increased 8% Adjusted EBITDA of $113.2 million, approximately flat Reaffirmed 2021 full year outlook Philip McHugh, CEO of Paysafe, stated, "As we embark on...
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Jumia Technologies AG: Jumia Reports First Quarter 2021 Results; Continued Progress Towards Profitability

Jumia Technologies AG: Jumia Reports First Quarter 2021 Results; Continued Progress Towards Profitability year-over-year was up 149% year-over-year year-over-year LAGOS, NIGERIA / ACCESSWIRE / May 11, 2021 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company") announced today its financial results for the first quarter ended March 31, 2021. Results highlights for the first quarter 2021 For the three months ended March 31 As reported 2.5 (24.4 % "Our first quarter results reflect soli...
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PayPal Reportedly Launches Business Unit Specifically Dedicated to Cryptocurrency

PayPal Reportedly Launches Business Unit Specifically Dedicated to Cryptocurrency   PayPal Holdings, Inc. (NASDAQ: PYPL) is reportedly launching a new business unit that is specifically dedicated to cryptocurrency services. According to Bitcoin.com, PayPal CEO, Daniel Schulman, stated during an earnings phone call that the existing financial system is considered outdated and that PayPal will be investing more funds into blockchain and digital currencies. He also revealed: “We all know the ...
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PayPal Releases Fourth Quarter & Full Year 2020 Results

PayPal Releases Fourth Quarter & Full Year 2020 Results   PayPal Holdings, Inc. (NASDAQ: PYPL) announced this week the release of its fourth quarter and full-year 2020 results. Despite the COVID-19 pandemic, PayPal reported that 2020 has the strongest performance in the payment platform’s history, with Total Payment Volume (TPV) being $936 billion, growing 31% on a spot and FX-neutral basis (FXN) basis. PayPal also revealed that revenue for 2020 was $21.45 billion, growing 21%, and 22% FXN...
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