GoTo Group posts first-ever net income after cost cuts

10 articles · Updated · Bloomberg · Apr 28

GoTo Group reported a net income of 257 billion rupiah ($15 million) for January–March 2026, reversing a 283 billion rupiah loss a year earlier.
Revenue growth slowed amid fierce competition, but GoTo expects up to 3.4 trillion rupiah in adjusted EBITDA for 2026.
The milestone marks significant progress in GoTo’s turnaround strategy as it seeks to strengthen its position against rival Grab Holdings in Indonesia’s ride-hailing and food delivery market.

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