Indonesia’s GoTo Group reports Q1 gross revenue rose 53% YoY to $357M and a loss of $370M, after raising $1.1B in its IPO (Bloomberg)

Bloomberg:
Indonesia’s GoTo Group reports Q1 gross revenue rose 53% YoY to $357M and a loss of $370M, after raising $1.1B in its IPO  —  GoTo Group posted about 53% gross revenue growth in its first quarterly report as a public company, accelerating from the 2021 pace and highlighting the rapid expansion of Indonesia’s tech and online industries.