Jumia Technologies down on lower Q1 revenue

Jumia Technologies AG

23/05/2023 13:05

** E-commerce firm's U.S.-listed shares  JMIA.N  down 5.4%
at $3, premarket
    ** Co reports Q1 rev of $46.3 mln, down 3% year-over-year 
    ** Quarterly active consumers, orders and gross merchandise
value) declined by 22%, 26% and 22% year-over-year respectively
    ** Q1 usage metrics were negatively affected by factors
including continued macro challenges with high inflation,
affecting consumers’ spending power as well as sellers’ ability
to source goods - co
    ** Q1 operating loss was $30.9 mln, down 54% year-over-year 
    ** Jumia's U.S.-listed shares down about 1.3% YTD

 (Reporting by Vaibhav Sadhamta)
 ((Vaibhav.Sadhamta@thomsonreuters.com;))