Jumia Technologies AG Posts Q2 Revenue $52.0 Million - JMIA News | RalliesJumia Technologies AG Posts Q2 Revenue $52.0 Million
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JMIA• Q2 results and outlook
- Jumia Technologies AG outlook FY GMV projected to grow between 20%-30% YoY adjusted for perimeter effects
- Jumia Technologies AG outlook Q3 GMV to grow between 15%-25% YoY adjusted for perimeter effects
- Jumia Technologies AG: $50 million capital raise anchored by International Finance Corporation, member of World Bank Group
- Jumia Technologies AG outlook FY adjusted EBITDA loss to be between $25 million and $30 million
- Jumia Technologies AG: Q2 revenue $52.0 million
- Jumia Technologies AG: Q2 adjusted EBITDA loss of $8.7 million
- Jumia Technologies AG: Q2 GMV $216.3 million
- Jumia Technologies AG: Continue to see co firmly on track toward target of achieving adjusted EBITDA breakeven & positive cash flow in Q4
- Jumia Technologies AG: In Q2, memory chip & CPU price increases drove supply disruption in smartphones affecting our phones category across markets
- Jumia Technologies AG: Q2 fulfillment costs negatively impacted by Middle East conflict, fuel surcharges
- Jumia Technologies AG: Do not expect changes to short- or mid-term adjusted EBITDA targets
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