PT GoTo Gojek Tokopedia Tbk. Recorded an increase in take rate or transaction fees on a pro forma basis from 3.5 percent to 3.7 percent.
PT GoTo Gojek Tokopedia Tbk. Recorded a take rate increase from 3.5 percent to 3.7 percent.
Take rate is the fee charged by the market for transactions made by third party sellers or service providers. This is a source of income for technology-based companies.
management GOTO stated that take rate in Q1 2021 increased from 3.5 percent to 3.7 percent year-on-year. This is thanks to monetization initiatives, increasing value added services , launching premium products and services.
Andre Soelistyo, CEO of the GoTo Group, said that throughout 2021, the company carried out its business plan well so that it was able to generate growth in every line of business and increase overall margins.
"The formation of GoTo , from the combination of Gojek and Tokopedia, puts us in a better position to serve consumers. As we deepen our business integration, we are able to improve operational efficiency, present business opportunities with a multi-platform approach and invest in GoTo's growth and profitability," he said in an official statement quoted Tuesday (31/5/2022).
Andre added that the company has pushed GoPay to become the most widely used electronic money on Tokopedia, introduced the alignment of the loyalty program status on Gojek and Tokopedia , and consolidated our reward point system, GoPay Coins, throughout the ecosystem.
As a result, GoTo recorded a 37 percent growth in the number of users who transacted in a year (annual transacting users or ATU) on a pro forma basis who transacted on both Gojek and Tokopedia platforms during 2021. With a tendency to shop more and be more loyal than users of one platform only.
“Throughout 2022, we will continue to drive these initiatives and leverage the competitive advantage our ecosystem has, while maximizing growth potential in Indonesia and Southeast Asia. With the loosening of community activities, product improvements and integration will continue to be carried out to ensure that GoTo is able to continue to serve the growing needs and number of our users in on-demand services, e-commerce, and financial technology ," he said.
Citing the consensus of Bloomberg analysts, in 2021, performance is expected to book revenue of IDR 5.36 trillion with a gross profit of IDR 1.31 trillion. The net loss in 2021 is predicted to be IDR 17.52 trillion.
However, GOTO's realized performance is below analyst consensus projections. Earnings were below estimates, while net losses were higher than analysts' predictions.
Based on the financial report as of December 31, 2021, quoted on Monday (30/5/2022), the issuer coded GOTO recorded a net income of IDR 4.53 trillion, up 36.3 percent.
The growth in net income was accompanied by a sharp increase in company expenses, so that GOTO's bottom line position recorded a loss attributable to owners of the parent entity or a net loss of Rp. 21.39 trillion in 2021. The net loss increased by 50.54 percent compared to a net loss of Rp. 14. .2 trillion in 2020.
Detailing the increasing company expenses, the cost of revenue rose 54.84 percent to Rp3.77 trillion from Rp2.43 trillion in 2020. Meanwhile, sales and marketing expenses increased sharply by 250.64 percent from Rp2.54 trillion to Rp8.93 trillion.
General and administrative expenses also shot up to Rp7.78 trillion compared to Rp3.91 trillion in 2020. Product development expenses increased to Rp2.49 trillion from Rp2.03 trillion.
Depreciation and amortization expenses also increased 93.82 percent to Rp2.41 trillion, while operating and support expenses rose 15.51 percent to Rp1.51 trillion.
Loss before income tax even shot up to IDR 22.21 trillion as of 2021 from IDR 16.78 trillion in 2020.
For the record, GOTO's financial performance in 2020 still only lists the performance of PT Application Karya Anak Bangsa or Gojek managers. Meanwhile, in 2021, the company has merged with PT Tokopedia and formed GOTO.
Related Posts
- Kash Patel's Confirmation Hearing: A Deep Dive into the Man Poised to Lead the FBIIntroduction: Who is Kash Patel?Alright, folks, buckle up because we're about to embark on a rollercoaster ride through the life and times of Kashyap ...
- Bocoran Hamdan Hamedan: Ada Satu Bintang Timnas Indonesia yang Ngebet Main di Eropa, Dipuji Agen Paulo DybalaSeorang pemain Timnas Indonesia diklaim sedang ngebet bermain untuk klub Eropa.Hal tersebut diungkapkan oleh Hamdan Hamedan yang merupakan Staf Ahli ...
- Bagaimana Cara Farming THR Saat Lebaran agar Tidak Merugi: Tips dan Trik Berkebun Selama Musim LiburanJudul panjang long tail keyword untuk artikel SEO ini adalah "Bagaimana Cara Farming THR Saat Lebaran agar Tidak Merugi: Tips dan Trik Berkebun Selam ...
- FBS: Waktu Buka Pasar Forex yang Bikin Kamu Semangat Berdagang!Pernah dengar tentang jam buka pasar forex FBS? Nah, FBS sebagai broker forex terkemuka juga punya waktu operasional sendiri, lho. Jangan sampai keti ...
- Kepulauan dan Laut Filipina: Menjadikan Angin Kencang sebagai Energi Bersih untuk Mengurangi Penggunaan Bahan Bakar FosilDalam era di mana perubahan iklim dan keberlanjutan lingkungan menjadi fokus utama dunia, Filipina telah menunjukkan langkah progresif dengan memanfa ...
- The Viral Chinese National's Prank Bribe at Indonesian Immigration: A Deep Dive into Deportation, Diplomacy, and Digital Age ConsequencesIn a world where social media can turn everyday incidents into international news, a recent event involving a Chinese national attempting to bribe an ...
EmoticonEmoticon