Gate News message, April 28 — Indonesia-based GoTo reported its first-ever quarterly net profit of 171 billion rupiah ($9.92 million) for the quarter ended March 31, swinging from a 367 billion rupiah ($21.3 million) net loss a year earlier.
Net revenue rose 26% to 5.3 trillion rupiah ($307 million), while core gross transaction value climbed 65% to 138 trillion rupiah ($8 billion). Adjusted EBITDA more than doubled to 907 billion rupiah ($52.6 million). Fintech adjusted EBITDA jumped to 364 billion rupiah ($21.1 million) and on-demand services reached 439 billion rupiah ($25.5 million), with annual transacting users increasing 22% to 69 million.
GoTo maintained its 2026 adjusted EBITDA guidance at 3.2 trillion to 3.4 trillion rupiah ($186 million to $197 million), citing global macro uncertainty.
The profitability milestone follows GoTo’s 2024 sale of a 75% stake in Tokopedia, its online marketplace, to TikTok. The transaction shifted the company from operating the marketplace directly—a cost-heavy model competing with Shopee—toward a lighter fee and revenue-sharing arrangement tied to transaction volume.
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