{
    "success": true,
    "data": {
        "id": 2061516,
        "msgid": "goto-posts-net-profit-for-third-consecutive-quarter-1793278246",
        "date": "2026-10-29 18:57:30",
        "title": "GoTo Posts Net Profit for Third Consecutive Quarter",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "GoTo reported a net profit of Rp441 billion in the third quarter of 2026, extending its run of quarterly profits to three as revenue, core transaction value and active users grew. The company raised its full-year adjusted EBITDA target to Rp3.5\u20133.7 trillion, citing stronger-than-expected fintech performance, while also announcing the planned cancellation of 32 billion treasury shares and a share buyback.",
        "content": "<p>Jakarta, CNBC Indonesia \u2014 Technology company PT GoTo Gojek Tokopedia\nTbk (GOTO) ended another quarter in profit. In the third quarter of\n2026, it posted a net profit of Rp441 billion, extending its run of\nquarterly profits to three consecutive quarters.<\/p>\n<p>Business growth accompanied the result. Net revenue rose 17% year on\nyear to Rp5.6 trillion, while core gross transaction value (GTV) surged\n89% to Rp194 trillion.<\/p>\n<p>The number of transacting users also increased. Annual transacting\nusers (ATU) reached 72.5 million, up 16% year on year.<\/p>\n<p>Meanwhile, the Group\u2019s adjusted EBITDA rose 84% year on year to Rp950\nbillion. This figure includes the impact of an 8% commission on\ntwo-wheeler transport services for a full quarter.<\/p>\n<p>\u201cThese results were achieved amid various challenges over the past\nfew months,\u201d GoTo President Director Hans Patuwo said on Thursday (29\nOctober 2026).<\/p>\n<p>The third quarter of 2026 was the first full quarter in which the\ncommission was applied, with management describing its impact as\nsignificant.<\/p>\n<p>GoTo also recorded adjusted Group free cash flow of Rp1.21 trillion,\nup 389% year on year. In the same quarter, Tokopedia\u2019s e-commerce\nservice fees reached Rp235 billion.<\/p>\n<p>\u201cOn this occasion, we are also announcing that GOTO will raise its\n2026 adjusted EBITDA target to Rp3.5\u20133.7 trillion. The previous target\nwas in the range of Rp3.2\u20133.4 trillion,\u201d Hans said.<\/p>\n<p>Fintech was the main driver of the higher EBITDA target, after its\nperformance continued to exceed expectations. The adjusted EBITDA\nguidance for fintech has been raised to Rp1.9\u20132.0 trillion from\nRp1.7\u20131.8 trillion.<\/p>\n<p>On-Demand Services (ODS) is also beginning to grow, and its adjusted\nEBITDA guidance range has been widened to Rp1.4\u20131.6 trillion from\nRp1.4\u20131.5 trillion.<\/p>\n<p>In setting its ODS target range, GoTo also took into account\npotential future regulations, including implementing rules for delivery\nservices from the Ministry of Communication and Digital Affairs.<\/p>\n<p>For January\u2013September 2026, GoTo\u2019s net revenue reached Rp16.5\ntrillion, up 24% year on year, while net profit was Rp864 billion. The\ncompany had recorded a loss of Rp997 billion in the corresponding\nnine-month period a year earlier.<\/p>\n<p>Separately, GoTo has secured shareholder approval to cancel 32\nbillion treasury shares.<\/p>\n<p>The cancellation will take effect in two to three months, once all\nrequired regulatory procedures have been completed. As a result, the\nownership percentage of each existing shareholder will increase\nproportionally.<\/p>\n<p>GoTo also repurchased 36 billion shares, spending Rp985 billion. It\nhas Rp2.5 trillion remaining in unused buyback funds.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/goto-posts-net-profit-for-third-consecutive-quarter-1793278246",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}