GoTo Gojek Tokopedia Reports Narrowed Q2 Loss with Revenue Uptick

Indonesia's largest tech company, PT GoTo Gojek Tokopedia Tbk, reported an underlying loss of 70 billion rupiah ($4.30 million) for the second quarter. This reflects a smaller loss compared to 139 billion rupiah in the previous quarter. The company also saw a 3% increase in net revenue, totaling 3.66 trillion rupiah.

Indonesia's leading tech giant, PT GoTo Gojek Tokopedia Tbk, announced a significant reduction in its second-quarter underlying loss, now at 70 billion rupiah ($4.30 million), compared to the previous quarter's 139 billion rupiah loss.

Additionally, GoTo Gojek Tokopedia experienced a 3% rise in second-quarter net revenue, amounting to 3.66 trillion rupiah, showcasing the company's steady growth trajectory.

With these financial results, PT GoTo Gojek Tokopedia continues to solidify its position in Indonesia's competitive tech market.

(With inputs from agencies.)