• 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 EBITDA losses reached in the fourth quarter of 2021 and intend to redouble our efforts to reach profitability, leveraging our strong business fundamentals. 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. Capex guidance reduced from $15M-25M to $10M-15M as we slow down the phasing of logistics capacity expansion for FY2022.