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Global Digital Niaga Tbk PT / Equity Bottom-Up

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Integrated Omnichannel Ecosystem: Global Digital Niaga (Blibli) has built a comprehensive ecosystem combining e-commerce (Blibli), online travel (Tiket.com), and premium groceries (Ranch Market), aiming to capture a significant share of Indonesian consumer spending through an integrated online and offline strategy.</li>
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Strong Revenue Growth but Persistent Losses: The company demonstrates a strong growth track record with a 13.6% year-over-year increase in revenue for FY2024. However, it continues to post significant net losses, with a net loss of IDR 2.53 trillion in 2024, highlighting the ongoing challenge of balancing aggressive growth with achieving profitability in a competitive market.</li>
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Path to Profitability Focused on Margin Improvement: Management's strategy is centered on improving margins by focusing on higher-margin product categories, enhancing its take rate, and leveraging synergies across its ecosystem to reduce customer acquisition costs. Recent financial quarters show progress in narrowing EBITDA losses, indicating that these strategies are beginning to yield results.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Integrated Omnichannel Ecosystem: Global Digital Niaga (Blibli) has built a comprehensive ecosystem combining e-commerce (Blibli), online travel (Tiket.com), and premium groceries (Ranch Market), aiming to capture a significant share of Indonesian consumer spending through an integrated online and offline strategy.
  
Strong Revenue Growth but Persistent Losses: The company demonstrates a strong growth track record with a 13.6% year-over-year increase in revenue for FY2024. However, it continues to post significant net losses, with a net loss of IDR 2.53 trillion in 2024, highlighting the ongoing challenge of balancing aggressive growth with achieving profitability in a competitive market.
  
Path to Profitability Focused on Margin Improvement: Management's strategy is centered on improving margins by focusing on higher-margin product categories, enhancing its take rate, and leveraging synergies across its ecosystem to reduce customer acquisition costs. Recent financial quarters show progress in narrowing EBITDA losses, indicating that these strategies are beginning to yield results.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Global Digital Niaga Tbk PT (BELI IJ) - Nov 2025