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Technology

Indonesia's GoTo 2022 loss widens to $2.6bn

Superapp operator shares now dwelling well below IPO price

A Gojek delivery rider: GoTo's shares dropped 4.4%, to 108 rupiah, well below their initial public offering price of 338 rupiah, on the morning of March 20.   © Getty Images
NANA SHIBATA, Nikkei staff writer | Indonesia

JAKARTA -- Indonesian superapp provider GoTo on Monday said its 2022 net loss widened by 56% to 40.4 trillion rupiah ($2.6 billion) as the company continues struggling to turn a profit.

GoTo, which listed in April 2022, suffered a 25.9 trillion rupiah net loss in 2021.

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