Indonesia-listed tech giant GoTo is expecting a potential slowdown in growth in the first half of 2023 due to moderation in on-demand service and e-commerce before an eventual pickup later in the year, senior company executives said on Monday.
“While we do expect to see some slowing of GTV over the first half of 2023 as we zero in on quality, we remain very optimistic on our overall long-term growth opportunity within a huge addressable market in Indonesia and Southeast Asia as well,” Andre Soelistyo, GoTo’s Group CEO, said during the earnings call on Monday. [GTV represents the sum of the total value of transactions within the GoTo Group’s ecosystem].