Heaptalk, Jakarta — CEO of PT Gojek Tokopedia tbk. (GOTO) Patrick Walujo confirmed that Goto has carried out a significant transformation that boosted its performance exponentially in the last 2023. Although the report details are untold, Patrick claimed that based on its financial report, Goto reached the best record since its establishment.
“In Q3 2023, the company posted a net revenue of Rp 10.51 trillion on the first nine month,; the net profit enhanced by 32% compared to the previous year, which was Rp7.97 trillion,” stated Patrick.
Patrick also explained that Goto managed to cut the net loss of the parent company by 53% as of September 2023 to Rp 9.55 trillion compared to the same period last year with Rp 20.32 trillion.
“The decrease in net loss was influenced by the increase in net income (top line) and the efficiency of the company’s expenses in the first nine months of last year and in the last three months or the third quarter of 2023,” conveyed Patrick during the DealStreetAsia Indonesia PE-VC Summit in Jakarta (01/25).
In the agenda, Patrick also denied the issue of Goto’s involvement in influencing the government’s decision in the TikTok ban case.
“When people say there is a conspiracy between the government and Goto to ban TikTok shops, this is a big lie,” said Patrick.
Patrick said that this corporate action occurred because of Goto’s hard work to collaborate with TikTok. For information, ByteDance injected an investment of US$1.5 billion into Tokopedia, and the transaction is expected to be completed in Q1 2024.
Regarding this investment, Patrick revealed the company’s reason for choosing this measure. He stated that this step should be carried out to make the company survive.
“A lot of people do not understand the situation I faced at that time. We only have two options: keep surviving or die. The death will come slowly but surely,” stated Patrick.
