GoTo's losses expand in Q12022 even as gross revenue sees 53% growth

GoTo's losses expand in Q12022 even as gross revenue sees 53% growth

Photo: GoTo website

Indonesia-listed technology major PT GoTo Gojek Tokopedia (GoTo) reported a wider loss in the first three months of 2022 despite a 53% year-on-year growth in gross revenue, prompting the company to increase its focus on steps to boost margins and cost-cutting.

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