It is a common earnings metric used by tech companies even though some investors are skeptical about it. But there are products that are generating "contribution margin as we call it, or EBITDA on a per product basis."ĮBITDA - a measure of overall financial health for a business - stands for earnings before interest, taxes, depreciation and amortization. GoTo Group will account for more than 2% of GDP in Indonesia."Īsked about the group's path to profitability, Soelistyo told CNBC that parts of the business still require investments for growth and user acquisitions. "We have Gojek's high volume, high frequency mobility transactions, combined with Tokopedia's high value, medium frequency e-commerce transactions. "Our business model is now even more diverse, stable and sustainable," Cao, president of the GoTo Group, said in a statement on Monday. The companies together have more than 100 million monthly active users. In 2020, their combined transactions were more than 1.8 billion and their total gross transaction value was over $22 billion. GoTo Group will combine e-commerce, on-demand and financial services from Gojek and Tokopedia. A lot of the "ecosystem creation that we are doing in Indonesia would be presented in international markets, so, it's a question (of) when, not an if," he said. To do so, they will create new technologies that can be exported to other markets.
#TOKOPEDIA DRIVERS#
Soelistyo told CNBC the immediate goal for GoTo Group is to improve product experience for customers, drivers and merchants in Indonesia. Last month, Grab announced a nearly $40 billion SPAC merger to go public on the Nasdaq. Sea has a market value of more than $112 billion. The merger will likely help Gojek and Tokopedia to take on larger, regional rivals such as Singapore-headquartered Grab and internet company Sea, which operates e-commerce platform Shopee and has a digital payments and financial services business.
0 kommentar(er)
