2026-10-07
Financial Times
2 related
GoTo and Grab face pressure to offer drivers better deals; GoTo's share price has fallen 90%+ from its 2022 peak, while Grab's has fallen 50%+ in the past year
Asia's market leaders Grab and GoTo face squeezed margins over push to offer better deal to workers
2026-04-30
2025-03-13
Financial Times
6 related
GoTo, which operates Gojek and is a part owner of e-commerce company Tokopedia, reports adjusted EBITDA of $23.5M for 2024, its first annual profit
A. Anantha Lakshmi / Financial Times :
2024-09-04
Bloomberg
1 related
Ride-hailing company GoTo plans to close its Gojek brand in Vietnam, to focus on reaching profitability in its main operations in Indonesia and Singapore
Olivia Poh / Bloomberg :
2024-08-15
Bloomberg
2 related
Grab reports Q2 revenue up 17% YoY to $664M, below $676.9M est., and a $53M net loss, down from $135M in Q2 2023, as competition with GoTo weighs on its growth
Olivia Poh / Bloomberg :
2024-03-20
Nikkei Asia
9 related
GoTo reports a $5.76B net loss in 2023, up over 2x YoY, due to a write-down after TikTok bought a ~75% stake in GoTo's Tokopedia, on ~$933.6M in net revenue
Nana Shibata / Nikkei Asia :
2023-07-18
Financial Times
1 related
Nasdaq-listed Grab and Jakarta-listed GoTo, whose stocks are 60%+ below their IPO prices, pare back “superapp” push by cutting jobs and marginal business units
Mercedes Ruehl / Financial Times :
2023-06-05
Nikkei Asia
Preqin: in the first five months of 2023, VC funding for Southeast Asian startups hit $4B, down 65% compared to H1 2022, as Grab and GoTo continue to slow down
Tsubasa Suruga / Nikkei Asia : Tweets: @tito and @nikkeiasia Tweets: Tito Costa / @tito : Reality check: even at the top of a generational bubble, not enough returns were generated even by the most s...
2022-08-31
Investvine
5 related
Indonesia's largest tech company GoTo posts a ~$955M net loss for H1 2022 and announces the acquisition of local crypto exchange Kripto Maksima Koin for $8.4M
Arno Maierbrugger / Investvine :
2022-04-11
Bloomberg
9 related
GoTo rose as much as 23% on its first day of trading in Indonesia after raising $1.1B in one of 2022's biggest IPOs
Olivia Poh / Bloomberg :
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