Indonesia's biggest tech firm PT GoTo Gojek Tokopedia forecast a sharp increase in its underlying earnings for 2025 on Wednesday, and also posted its first ever full-year underlying profit. https://t.co/JnlBXxPURI https://t.co/rCB8WfdncP
GoTo’s Q4 losses narrow to $56m as adjusted EBITDA surges https://t.co/SVXk3gjyRI
GoTo's loss narrows to $334m in 2024 as fintech business rises https://t.co/s0xkZh2dHa
Indonesia's leading tech firm, PT GoTo Gojek Tokopedia, has announced its first full-year underlying profit, signaling a positive outlook as it forecasts a sharp increase in earnings for 2025. The company reported a narrowing of its losses to $334 million in 2024, with fourth-quarter losses reduced to $56 million. GoTo's adjusted EBITDA has surged, reflecting its confidence amid intensifying competition from rivals like Grab. The firm also indicated that it remains open to a potential merger with Grab, aiming to strengthen its market position in the ride-hailing and food delivery sectors.
