GoTo's Transaction Value Increased by 46% in Q1 2022, Supported by Fintech

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Cindy Mutia Annur 01/06/2022 16:00 WIB

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GoTo's gross transaction value (GTV) reached Rp140 trillion in Q1 2022, a 46% increase compared to the same period the previous year.

GoTo's Gross Transaction Value (GTV) by Business Segment (Q1 2022)

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GoTo's Gross Transaction Value (GTV) by Business Segment (Q1 2022)

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GoTo Gojek Tokopedia Tbk (GOTO) recorded a fairly strong performance at the beginning of this year. Its gross transaction value (GTV) reached Rp140 trillion in Q1 2022.

This figure is up 46% year-on-year (YoY). In Q1 2021, the company's GTV was Rp96.20 trillion.

The largest contributor to GoTo's GTV in the first three months of this year came from the financial technology (fintech) sector, with a GTV of Rp77.45 trillion, or 55.32% of the company's total GTV.

The e-commerce sector was the second largest contributor, with a GMV of Rp65.13 trillion in January-March 2022. This represents 46.52% of the company's total GTV.

On-demand services had a GTV of Rp14.88 trillion in Q1 2022. Other segments had a GTV of Rp13 trillion. Meanwhile, there was a reduction in GTV from intercompany eliminations amounting to Rp17.48 trillion.

Despite the GTV growth, the technology issuer still booked a loss attributable to the parent entity of Rp6.47 trillion in Q1 2022. This figure increased from a loss of Rp1.81 trillion in Q1 of the previous year.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."