GoTo Q1 loss narrows 41% to US$265M on higher revenues, lower marketing spend

GoTo Group narrowed its net loss by 41 per cent for the quarter ending March 31, 2023, to Rp 3.9 trillion (US$265 million) from US$445 million recorded in the same period last year. The improvement is mainly attributed to higher revenues and reduced incentives and product marketing spending. The adjusted EBITDA for Q1 2023 improved […] The post GoTo Q1 loss narrows 41% to US$265M on higher revenues, lower marketing spend appeared first on e27.