- Jumia Technologies AG (NYSE:JMIA) reported fourth-quarter FY21 revenue growth of 25.8% year-on-year, to $62 million.
- Orders increased by 39.9% Y/Y to 11.3 million, and active consumers rose 28.8% to 3.8 million.
- Total payment volume (TPV) increased 29.1% to $90.5 million. The gross merchandise value (GMV) rose 20.2% Y/Y to $330.1 million.
- Gross profit rose 2.1% Y/Y to $33.7 million. The operating loss widened to $(84.7) million.
- The company held $512.8 million in cash and equivalents and used $63.4 million in operating cash flow.
- Adjusted EBITDA loss widened sharply to $(70) million.
- "The fourth quarter of 2021 marked meaningful acceleration and growth momentum with new records reached across all usage metrics," commented Jeremy Hodara and Sacha Poignonnec, Co-CEOs.
- Outlook: Jumia sees an FY22 adjusted EBITDA loss of $(200) million - $(220) million.
- Price Action: JMIA shares traded higher by 2.15% at $8.06 in the premarket session on the last check Wednesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Jumia Clocks 26% Revenue Growth In Q4
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks