Indonesia's GoTo posts $174m loss in first half

Superapp and e-commerce platform's revenue rises 12%

20240726 GoTo

A Gojek rider makes a delivery in Surabaya, Indonesia, in May 2021, when Gojek and Tokopedia merged to form GoTo Group. © AFP/Jiji

NANA SHIBATA, Nikkei staff writer

JAKARTA -- Indonesian superapp provider GoTo said on Tuesday that it recorded a net loss of 2.8 trillion rupiah ($174 million) for the first six months of this year.

The January-through-June figure narrowed from 7.2 trillion rupiah in the same period last year, GoTo said in a financial statement. Net revenue rose  to 7.7 trillion rupiah, up 12%.

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