Still Short, GoTo Group Records Losses Under IDR 1 Trillion as of Quarter I-2024

PT GoTo Gojek Tokopedia Tbk posted a net loss of IDR 861 billion per quarter I-2024.

Audio BeritaPlease note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately.

The GoTo Group said that gross revenue for the first quarter of 2024 rose 18 percent to IDR 4.2 trillion compared to the same period last year. This is in line with the stableDirector Patrick Walujo, in a press release, Monday , in Jakarta, said that in 2023 the company had laid a strategic foundation to achieve quality growth. The ways to do this include expanding the user base, deepening wallet share, consistently reducing operational expenses, and strengthening partnerships with Tiktok.

"We will continue to invest with caution, maintaining disciplined business burden management, while taking steps to sustain long-term business growth," said GoTo Group's Director of Finance, Jacky Lo.Ultramicro users receive payments with Gopay at the launch of the ultramicro financing digital ecosystem in Jakarta, Tuesday .

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