KONTAN.CO.ID - JAKARTA. Indonesia's biggest tech firm GoTo Gojek Tokopedia expects to break even in terms of adjusted core earnings this year after booking its first quarterly profit on that basis in the final three months of 2023, it said on Tuesday. GoTo, which offers ride-hailing, e-commerce, and financial services, reported adjusted earnings before interest, tax, depreciation, amortisation (EBITDA) and rent of 77 billion rupiah ($4.9 million) in the last quarter of 2023. Its adjusted EBITDA loss for the whole of 2023 also narrowed 77% to 3.7 trillion rupiah.
Indonesia's GoTo Sees Breakeven in 2024 After First Quarterly Profit
KONTAN.CO.ID - JAKARTA. Indonesia's biggest tech firm GoTo Gojek Tokopedia expects to break even in terms of adjusted core earnings this year after booking its first quarterly profit on that basis in the final three months of 2023, it said on Tuesday. GoTo, which offers ride-hailing, e-commerce, and financial services, reported adjusted earnings before interest, tax, depreciation, amortisation (EBITDA) and rent of 77 billion rupiah ($4.9 million) in the last quarter of 2023. Its adjusted EBITDA loss for the whole of 2023 also narrowed 77% to 3.7 trillion rupiah.