GoTo Posts Fourth Straight Adjusted Profit, Helped by Cost Cuts
GoTo Group, Indonesia's largest tech conglomerate, has reported its fourth consecutive quarter of adjusted profit. This achievement was largely attributed to the company's efforts in cost-cutting and revenue growth, despite facing intense competition in the ride-hailing and delivery sectors. The company's adjusted profit, a metric that excludes certain expenses, has been a key focus for GoTo as it works to achieve profitability. This positive financial performance comes as the company navigates the challenges of the competitive landscape in its core business areas. GoTo's ability to maintain this trend of adjusted profit growth suggests that its strategies to manage costs and drive revenue are proving effective. However, the company's overall financial performance and long-term sustainability will continue to be closely watched by industry observers and investors.
Note: This is an AI-generated summary of the original article. For the full story, please visit the source link below.
