GoTo’s revenue rises 30 percent year on year to $375M in 3Q
PT GoTo Gojek Tokopedia Tbk (GoTo), the Indonesia merged entity of Gojek and Tokopedia, announced Monday that its gross revenue up 30 percent year on year to Rp5.9 trillion ($375 million), above middle point of guidance range, as all segments registered growths. Meanwhile, its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss narrowed by 11 percent year on year and 10 percent quarter on quarter to Rp3.7 trillion.
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