Hit by goodwill impairment, GoTo's annual loss swells to $2.6b in 2022
For Q4 2022, the group's net loss nearly doubled to 19.5 trillion rupiah.
Source: dealstreetasia.com
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South-East Asia's tech slowdown - Singapore's Sea and Indonesia's GoTo cut jobs in quickening tech pullback
Singapore's Sea Ltd. and Indonesia's GoTo Group, two of South-East Asia’s largest internet companies, are embarking on fresh layoffs as the region’s once high-flying tech leaders retrench to focus on profitability over growth.
Source: thestar.com.my
Stocks of Indonesia's GoTo Surge 5% as It Says Profit Targets Will Be Met Ahead of Time
Indonesian giant GoTo Group jumped about 5% on Friday as the Gojek-Tokopedia entity said it will hit its profitability targets earlier than expected.
Source: nbcdfw.com
Indonesian Tech Giant GoTo Attains Profitability, Earlier than Projected
GoTo Gojek, one of Indonesia's biggest tech brands has revealed it will be attaining profitability earlier than it projected
Source: coinspeaker.com
GoTo advances timeline for adjusted-EBITDA profitability to Q4 2023
Group contribution margin is set to become positive in Q1 2023, a year ahead of schedule.
Source: dealstreetasia.com