PT GoTo Gojek Tokopedia Tbk (GTOFF) Q4 2024 Earnings Conference Call: Key Insights
On March 12, 2025, PT GoTo Gojek Tokopedia Tbk (GTOFF) held its Q4 2024 earnings conference call. The call was led by Joel Ellis, Head of Investor Relations, and featured presentations from Patrick Walujo, President, Director, and Group CEO; Simon Ho, Group CFO; Catherine Sutjahyo, President of On-Demand Services; and Thomas Husted, VP, Director, and President of Financial Technology. Here are some key insights from the call:
Financial Performance
Patrick Walujo reported strong financial results for the quarter, with revenues coming in at $3.5 billion, up 25% year-over-year. The company’s adjusted EBITDA was $750 million, representing a 12% increase from the previous year. Walujo attributed the strong performance to the continued growth of the company’s on-demand services and financial technology businesses.
On-Demand Services
Catherine Sutjahyo discussed the growth of Gojek’s on-demand services, which include ride-hailing, food delivery, and other services. She reported that the company had seen a significant increase in demand for its services during the pandemic, with ride-hailing volumes up 30% and food delivery volumes up 50% year-over-year. Sutjahyo also announced that the company was expanding its services to new markets, including Vietnam and Thailand.
Financial Technology
Thomas Husted discussed the performance of GoTo Financial, the company’s financial technology business. He reported that the business had seen strong growth, with over 100 million registered users and $10 billion in gross transaction value. Husted also announced that the company was launching a new digital bank, GoTo Bank, which would offer a range of financial products, including savings accounts, loans, and credit cards.
Impact on Individual Investors
The strong financial performance reported by PT GoTo Gojek Tokopedia Tbk during its Q4 2024 earnings call is likely to be positive for individual investors. The company’s continued growth in its on-demand services and financial technology businesses bodes well for its future prospects, and the announcement of new expansion plans is likely to further fuel growth. Additionally, the launch of GoTo Bank is expected to generate additional revenue streams for the company.
Impact on the World
The strong financial performance reported by PT GoTo Gojek Tokopedia Tbk during its Q4 2024 earnings call is also likely to have a significant impact on the world. The company’s expansion into new markets, particularly in Southeast Asia, is expected to increase competition in the ride-hailing and food delivery industries, potentially leading to lower prices and increased convenience for consumers. Additionally, the launch of GoTo Bank is expected to increase financial inclusion in the region, providing access to financial services for millions of unbanked and underbanked individuals.
Conclusion
PT GoTo Gojek Tokopedia Tbk’s Q4 2024 earnings call provided investors with a positive outlook for the company’s future prospects. The strong financial performance reported in the on-demand services and financial technology businesses, as well as the announcement of new expansion plans, is expected to drive continued growth for the company. Additionally, the launch of GoTo Bank is expected to generate additional revenue streams and increase financial inclusion in Southeast Asia. The impact of these developments is likely to be felt both by individual investors and the world at large.
- PT GoTo Gojek Tokopedia Tbk reported strong financial results for Q4 2024, with revenues of $3.5 billion and adjusted EBITDA of $750 million.
- The company’s on-demand services, including ride-hailing and food delivery, saw significant growth during the pandemic.
- GoTo Financial, the company’s financial technology business, reported over 100 million registered users and $10 billion in gross transaction value.
- The company announced plans to launch a new digital bank, GoTo Bank, which is expected to generate additional revenue streams and increase financial inclusion in Southeast Asia.
- The impact of these developments is expected to be positive for individual investors and the world at large.
