GoTo's losses more than double in H1 2022, despite strong revenue growth

GoTo's losses more than double in H1 2022, despite strong revenue growth

Photo courtesy of GoTo.

Indonesia-listed technology major PT GoTo Gojek Tokopedia (GoTo) reported widening losses in the first half of 2022, despite a 49% year-on-year growth in gross revenue in the period.

GoTo’s losses in the January-June period of 2022 stood at 13.64 trillion rupiah ($920 million), widening around 117% from 6.28 trillion rupiah in the corresponding period last year.

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