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GoTo Group reported a narrowed net loss of US$56.3 million for Q4 2024, down from US$4.9 billion a year prior, despite a slight revenue drop to US$255.3 million. The company's adjusted EBITDA surged to US$24.3 million, reflecting growth in user numbers and a strong performance in its financial technology segment, which saw a 95% revenue increase. For 2025, GoTo anticipates full-year adjusted EBITDA between US$85.1 million and US$97.3 million.
GoTo Group reported a narrowed net loss of US$56.3 million for Q4 2024, down from US$4.9 billion a year prior, despite a slight revenue drop to US$255.3 million. Adjusted EBITDA surged to US$24.3 million, reflecting growth in user numbers and a strong performance in its financial technology segment, which saw a 95% revenue increase. For 2025, the company anticipates full-year adjusted EBITDA between US$85.1 million and US$97.3 million.
Indonesia's President Prabowo Subianto announced a mandatory Eid holiday bonus for online motorcycle taxi and delivery drivers during a press conference on March 10. The bonuses, which will be determined by the Ministry of Manpower, are to be distributed in cash and reflect drivers' activity levels. This announcement comes amid discussions of a potential merger between Gojek and Grab.
Patrick Walujo
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
GoTo reports narrowed Q4 losses and significant EBITDA growth in 2024
13:18 12.03.2025
GoTo reports narrowed Q4 losses and significant EBITDA growth in 2024
13:18 12.03.2025
Indonesia mandates holiday bonuses for Gojek and Grab drivers ahead of Eid
14:23 10.03.2025
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