GoTo shares surge after first quarterly net profit

7 articles · Updated · MarketWatch · Apr 29

GoTo reported a net profit of 171 billion rupiah ($9.9 million) in Q1, reversing a 367 billion rupiah loss a year earlier.
The company's fintech segment drove growth with a sevenfold jump in adjusted Ebitda, while GoTo accelerated its share buyback program amid a strong cash position.
Analysts note resilient fintech prospects despite macroeconomic headwinds, but warn of risks from rising oil prices and potential credit concerns in GoTo's consumer lending portfolio.

Why are analysts cutting GoTo's price target as it celebrates its first-ever quarterly profit?

Is GoTo's first profit a real turnaround or just creative accounting from its TikTok deal?

Can GoTo's booming lending arm withstand the pressure from soaring global oil prices?

How is the TikTok partnership reshaping GoTo's strategy beyond just providing a steady income?

With both GoTo and Grab now profitable, what does the next stage of their rivalry look like?