This was on the back of sharp write-down in goodwill from the Tokopedia merger, an investment write-off in JD.id which shut down its Indonesia operations, as well as accelerated recognition of share-based employee compensation.
Analysts have maintained their “buy” calls on GoTo following the Southeast Asian internet giant’s 4QFY2022 results ended December announcement.
Deutsche Bank Research analyst Reena Verma Bhasin notes that GoTo’s 4QFY2022 net loss of IDR19.5 trillion was larger than street forecasts.
