GoTo's Losses Shrink in Q1 2025

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Adi Ahdiat 29/04/2025 18:42 WIB

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GoTo Gojek Tokopedia Tbk's revenue increased in Q1 2025. Concurrently, its losses significantly decreased.

GoTo's Income Statement for Quarter I (2024-2025)

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GoTo's Income Statement for Quarter I (2024-2025)

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GoTo Gojek Tokopedia Tbk reported net revenue of Rp4.23 trillion in Q1 2025.

This represents a 3.7% increase year-on-year (yoy).

Concurrently, losses attributable to GoTo's parent entity shrank by 67% (yoy) to Rp283 billion.

"This reflects the discipline in executing our strategy and the strength of our ecosystem model," said GoTo Group CEO Patrick Walujo in a press release on Tuesday (April 29, 2025).

In Q1 2025, GoTo achieved operating profits of Rp193.95 billion in the on-demand services segment and Rp94.81 billion in the e-commerce segment.

Meanwhile, the financial technology segment recorded an operating loss of Rp157.97 billion, followed by an operating loss from corporate expenses of Rp324.23 billion.

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."