Reported 3 months ago
Indonesia's leading tech company, PT GoTo Gojek Tokopedia Tbk, reported a significantly reduced underlying loss of 70 billion rupiah ($4.3 million) in the second quarter, down from 139 billion rupiah in the previous quarter. This improvement is attributed to successful cost-cutting efforts. The company also achieved a 3% increase in net revenue to 3.66 trillion rupiah, indicating growth while maintaining a focus on profitability as it aims to reach breakeven adjusted EBITDA by year-end.
Source: YAHOO