Indonesia's GoTo posts $53m loss in Q1, an improvement of 78%

Narrowing comes with revenue growth of 22% in January-March quarter

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GoTo said its revenue for the first quarter rose by 22% from a year ago. (Photo courtesy of GoTo)

NANA SHIBATA, Nikkei staff writer

JAKARTA -- Indonesian superapp provider GoTo said on Monday that it posted an 861 billion rupiah ($53 million) net loss in the January-March period, a reduction of 78% from the same period in 2023.

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