In today’s briefing:
- GoTo Gojek Tokopedia (GOTO IJ) – Warming Up the New Engines of Growth
GoTo Gojek Tokopedia (GOTO IJ) – Warming Up the New Engines of Growth
- GoTo Gojek Tokopedia (GOTO IJ) 4Q2023 results revealed another sequential increase in GTV and positive adjusted EBITDA for both ODS and e-commerce, despite reduced incentive and marketing spending.
- GoTo achieved positive top-line growth by expanding its total addressable market through more affordable products and a strong performance from consumer lending in fintech, coupled with great cash cost efficiencies.
- 2024 will be a transformational year for GoTo without the yoke of Tokopedia promotional spending but with significant cash coming in every quarter that can be used to drive growth.
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