JMIA - Jumia Technologies AG reports Q4 results; issues FY23 guidance

• 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

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