GoTo Group Announces Positive Performance Q4 2023

Jakarta, 12 February 2024 - PT GoTo Gojek Tokopedia Tbk (GOTO) announced positive performance achievements for the fourth quarter of 2023, marking continued growth momentum for Indonesia's largest technology company.
Q4 2023 Financial Performance Highlights

Gross Income

Total: IDR 6.2 trillion (+25% YoY)
On-demand: IDR 3.1 trillion (+28% YoY)
E-commerce: IDR 2.4 trillion (+22% YoY)
Fintech: IDR 700 billion (+30% YoY)


Profitability

Positive EBITDA: IDR 175 billion
Burn rate reduction: 45%
Operational efficiency: +30%
Contribution margin: 5.8%


Operational Metrics

GTV (Gross Transaction Value): IDR 167 trillion
Monthly active users: 115 million
Active driver partners: 2.8 million
Active merchants: 14.5 million



Growth Strategy

Service Integration

Strengthening the ecosystem
Cross-selling products
Platform synergy
Technology optimization


Operational Efficiency

Cost rationalization
Marketing optimization
Process automation
Increased productivity



Important Achievements

Break-even point is reached more quickly
Organic user acquisition growth
Increased customer retention
New service expansion

"This positive performance shows the success of our strategy in achieving sustainable growth," said Andre Soelistyo, CEO of GoTo Group.
Outlook 2024
Management Projections:

GTV Growth: 20-25%
Sustainable positive EBITDA target
Expansion of fintech services
Strengthening logistics infrastructure

Market Response

GOTO share price rises 5.2%
Trading volume increases
Increased investor confidence
Strengthening company valuation

Strategic Initiatives 2024

Product Development

GoTo Financial expansion
AI/ML integration
Super-app enhancement
New vertical exploration


Market Expansion

Strengthening regional presence
Strategic partnership
Market penetration
Innovation hub