- Jumia Technologies AG press release (NYSE:JMIA): Q4 Revenue of $66.5M (+7.3% Y/Y).
- In the fourth quarter of 2022, operating loss decreased by 41% Y/Y, reaching $49.8M and Adjusted EBITDA loss decreased by 30% year-over-year, reaching $49.2M.
- GMV was $283.1 million, down 14% year-over-year and flat on a constant currency basis.
- Quarterly Active Consumers amounted to 3.2 million for the fourth quarter of 2022, down 15% year-over-year.
- FY2023 Adjusted EBITDA loss expected to decrease by up to 50% vs FY2022.
- "We expect a sharp reduction in Adjusted EBITDA loss from $207 million in FY2022 down to $100-120 million in FY2023," commented Francis Dufay, CEO of Jumia