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GoTo reports narrower adjusted ebitda loss of IDR3.7 trillion in 3QFY2022 results

Felicia Tan
Felicia Tan • 4 min read
GoTo reports narrower adjusted ebitda loss of IDR3.7 trillion in 3QFY2022 results
For the FY2022, GoTo Group is expecting to pencil in between IDR613 trillion to IDR619 trillion for its GTV. Photo: GoTo Group
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PT GoTo Gojek Tokopedia Tbk (GoTo Group) has reported an adjusted ebitda loss of IDR3.7 trillion ($324.9 million) for the 3QFY2022 ended Sept 30, which is narrower by 11% y-o-y and 10% q-o-q.

Group adjusted ebitda improved by 44 basis points q-o-q to -2.3% in the 3QFY2022 from the previous quarter’s -2.8%.

During the quarter, GoTo Group’s gross transaction value (GTV) grew by 33% y-o-y to IDR160.94 trillion, while its gross revenue stood 30% higher y-o-y at IDR5.9 trillion.

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