joining Safae. us Thank thanks and Welcome, you, everyone today. for
this the we I'm progress towards strategy towards very So very today execution profitability. pleased months now call. are to X progress into good And our of accelerate our to report
level was by we loss in in on a XX% we adjusted reduction significant years. And after adjusted cost operating loss in of QX a year-over-year, this by X EBITDA its reduced decreased over of year-over-year. 'XX, accelerating basis. QX lowest is XX% expenses are year-over-year our In EBITDA reduction loss consecutive as loss the by XX.X% adjusted This pace loss reduction EBITDA the quarter savings third 'XX. The reaching supported quarter decrease
in while operation maintaining execution. cost and our box We our every and line opening are of standards the P&L on driving efficiencies
fulfillment, so made efficiency we continue with still as the to that very we room are far M&A progress have to results. believe on and our on We pleased tech savings costs costs more further yield measures drive
clear aspect I believe broader breakeven, one our to that profitability although also for be be it's strategy. to essential an reduction of only lever want cost very we
breakeven other important QX by to opportunity. and the And fundamentals obviously business proposition markets growth. very The we number consumer lever have value XX, working for are growth in and significant is vast runway of was our in growth although headwinds, a this affected we sorry, our of capture on
GMV in consumers, the 'XX review negatively performance of a dynamics XX% were by Usage active now details orders quarterly XX%, QX and usage in factors year-over-year, QX. affected of Let's and declined XX% combination by respectively.
environment the source sellers' and remains First to macro spending inflation affecting ability very is consumer restricting power challenging. of all, High goods.
QX environment faced notes. also in February security currency a high-denomination in We the of operating protests concerns with subsided. the has disruptions in There also in of the Nigeria election Nigeria related around sorry, today, but as XX period to challenging withdrawal, were
with the in the our deliberate and very we and product service do moving are our that took unprofitable knew usage term of affect right short recalibrated portfolio, for We to value. things from we profitability Second, business. actions consumer growth away but would the lifetime categories long-term limited
reduced growth services As app. seized on countries promotional of offering behind JumiaPay in our first-party the part of number we that, significantly a most intensity have and
quarter. the the sold services, decline combined for JumiaPay declined. the with in JumiaPay during XX% app XX% fact, FMCG of GMV of includes and In services total over grocery items products, app of for which category XX% over accounted decline a orders accounted of
against X out the a to U.S. for decrease more currency Lastly, depreciated the XX% GMV sorry, depreciated XX% Ghanian example, Egyptian in XX specifically has dollar. by against headwind percentage the XX The points than [indiscernible]; significant dollar. GMV pound QX. and FX local contributed, for and of
Chile on long-term The a growth depreciated and across plan plan the XX%. rand all temporary and focus comprehensive to While headwinds working [indiscernible] June. South profitable by basic in African of in on rates geographies. over We drive are these this is we getting view as
electronics, is fashion and local on The And beauty. to distributors that, first a and focus priority importers as high-quality assortment mean improve brands, the core attracting categories relevance by such onto and strong by I with platform. home supply phones, appliances, sellers e-commerce relevant
already category with assortment categories. focus the across getting have right now to so product and pullback can the price third-party taken points We mix our on we relevant steps from streamline grocery
We and are tools the sellers to Jumia. improve of also working management in on processes enhancing experience our seller
version competitive a new a tools but We and to meaningful which we price a for is as sell not out that Jumia management of allows Jumia. products suite them rolling Chinese available have attractive not to This a mostly better consumer businesses sellers, broad at Global overseas locally and help reasonable within allows our a it includes further that develop on manage their frame. to platform of SellerCenter advantage JumiaGlobal. offer to platform us least, started in are Last grow points Jumia broader Jumia. plan is seller time
markets pools retail we large which we are cities outside efforts, tapping by consumer on In And underserved to we working located are to as so effectively. primary of penetrating intend addressable speak. addition more our do usually the into commercial our by
logistics the reach Jumia. manner, that a relevant along areas work partners we these operated these networks mostly cost-effective by who guidelines roots. And bigger our on from in stations strict supervision are usually in logistics expanding and are developing third-party through For
marketing them reach And requirement these relevant about basis. channels to strategy. reach educate and means our ongoing them leveraging local populations, our to to with expand adapt an is this second The engage e-commerce on
in countries rural countries. of in that's success e-commerce are and and other the leverage the at cities Coast can to replicate Ivory one learnings there of a of forefront is secondary the areas developing number we
activation, of much more local are In as radio, we effective marketing marketing. deeply terms It of It's best understand ourselves not is to spending found what street smaller comfortable awareness with driving embedding force of question of typical communities digital at than That's a budgets. very why working have conversion rates them. that within marketing, local and question Jumia a local channels. we're channels amounts with marketing very, such large much
on last checkout. On role efforts Jumia friction convenience on UI use. the more the growth e-commerce are technology platform Pay make and add our of even easier front, we has not more to products our an focusing features to least, in to development enhance And at but intuitive play the that remove important UX and and to
rolling or materialize the use delivery expect further time. the improvements on digital of fundamental allow JumiaPay to results payments These are now actions over out customer of we proposition, on delivery in process None to are are of and our growth. fixes shortcuts cash. We these to so quick of reduce the value
was to the performance, were on dollar. XX% against a total a depreciation This $XX.X a XX% JumiaPay. led build app QX again JumiaPay goods app as of the XX% particularly that penetration both of despite moving and significant not XX% for in TPV to result TPV decline cohorts, in highly down platforms. XX% in food such QX sustainable on to from increase development TPV our our services a recharge watches. the to decision 'XX penetration do airtime also physical in discontinue in delivery 'XX promotional headwind This Now, [Indiscernible] in the year-over-year on and TPV basis. FX an to U.S. almost The of and accounted the Egyptian down sorry, decline. [ph] million, drop XX% effects constant currency pound,
in JumiaPay platform compared platform JumiaPay 'XX, the were in over transactions QX million Jumia decline overall using XX% app XX% of JumiaPay down the on placed QX XX transactions transactions orders completing for accounted reached $X year-over-year. The of 'XX. in decline. the QX the JumiaPay to XX% in XX%
app Here, food reduction again, attributable a pay and actually goods JumiaPay in both transactions delivery increasing in the of with as decline platforms. mix JumiaPay transactions mostly was in penetration services the to percentage physical orders pension the of
more Kenya for business. continues In effective of initial very strategic Jumia on As delivery rollout, I be have previously making the earlier, even e-commerce remain was of for on to completed enabler March payment of expanding and JumiaPay postpaid relevant where XX we're a showing processing of our orders The the is Kenya full using mentioned we we it focused activities do were Also, to good month Egypt, JumiaPay. working in Pay priority in an which on Jumia rollout obtained first and traction. platform XX% licenses Nigeria in so.
over hand Antoine walk through now to you I our will who will financials
