JMIA - Jumia Technologies stock slips after ecommerce platform posts weak Q4 results

Jumia Technologies (NYSE:JMIA) stock slipped 4% after the pan-African ecommerce platform reported weak Q4 results. Q4 operating loss was $84.7M, up 78% Y/Y due to increased growth investments in the form of consumer incentives as well as sales, advertising, technology and content investments. Q4 adj. EBITDA loss was $70M, more than double the number in Q4 2020. "... we intend to further invest in our platform, enhancing our technology backbone and logistics infrastructure," said co-CEOs Jeremy Hodara and Sacha Poignonnec. For 2022, JMIA expects continued Y/Y GMV growth acceleration. Adj. EBITDA loss is estimated at $200M-220M. JMIA expects to spend $50M-55M in sales & advertising in H1 of 2022. To increase consumer reach and reduce delivery times, JMIA will expand logistics capacity and expects to incur capex of $15M-25M during 2022.

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Jumia Technologies stock slips after ecommerce platform posts weak Q4 results