Jumia Technologies AG Rose Over 11% in Premarket Trading After Reporting Q2 Results

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Jumia Technologies AG Rose Over 11% in Premarket Trading After Reporting Q2 Results

Seeking Alpha2022-08-10

Jumia Technologies AG Q2 revenue of $57.3M (+42.5% Y/Y)beats by $5.29M.Shares+11.54%PM.Orders increased by 35% Y/Y; GMV increased by 21% Y/Y."We believe we are now past the peak of quarterly Adjusted ...

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Sigit waloyo
·2022-08-10
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GMV increased by 21% Y/Y.\"We believe we are now past the peak of quarterly Adjusted ...</p>\n\n<a href=\"https://seekingalpha.com/news/3870531-jumia-technologies-ag-reports-q2-results\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JMIA","symbol_name":"Jumia Technologies AG","start_time":0,"source_url":"https://seekingalpha.com/news/3870531-jumia-technologies-ag-reports-q2-results","article_id":"1138257387","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138257387","pubTimestamp":1660129542,"sourceInfo":null,"weMediaInfo":null,"summary":"Jumia Technologies AG Q2 revenue of $57.3M (+42.5% Y/Y)beats by $5.29M.Shares+11.54%PM.Orders increa","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JMIA":"Jumia Technologies AG"},"translate_title":"Jumia Technologies AG在公布第二季度业绩后，在盘前交易中上涨超过11%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JMIA":0.9},"content_text":"Jumia Technologies AG Q2 revenue of $57.3M (+42.5% Y/Y)beats by $5.29M.Shares+11.54%PM.Orders increased by 35% Y/Y; 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We intend to reduce Adjusted EBITDA losses starting from the second half of 2022 with a 12% to 29% decrease year-over-year. We are confident our consistent and disciplined execution will help us reach profitability and build an even stronger and more relevant platform.\"Outlook: We continue to expect GMV growth of at least 15% for FY2022; Gross profit to reach between $75M and $85M in the second half of 2022; the company expects to spend between $35M and $45M on Sales & Advertising in the second half of 2022; For FY2022, we continue to expect an Adjusted EBITDA loss of $200M to $220M. As a result, the company expects an Adjusted EBITDA loss of $87M to $107 million in the second half of 2022. For FY2023, Adjusted EBITDA loss to be lower than for FY2022. 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