GoTo reports net profit in third quarter of 2026

PT GoTo Gojek Tokopedia Tbk (GOTO) has reported a net profit of Rp441 billion for the third quarter of 2026, marking its third consecutive profitable quarter. This performance reverses a net loss of Rp255 billion recorded during the same period in 2025.

Key financial metrics include a 17% to 24% increase in net revenue, reaching between Rp5.6 trillion and Rp16.54 trillion depending on the reporting metric, and an 89% year-on-year surge in core Gross Transaction Value (GTV) to Rp194 trillion. The group's adjusted EBITDA rose 84% year-on-year to Rp950 billion, while adjusted free cash flow jumped 389% to approximately Rp1.21 trillion.

CEO Hans Patuwo noted that these results include the first full quarter of the 8% commission cap applied to GoRide two-wheel transport services. Following these results, GOTO has raised its 2026 adjusted EBITDA target to a range of Rp3.5 trillion to Rp3.7 trillion, up from the previous target of Rp3.2 trillion to Rp3.4 trillion. The company also increased its fintech segment EBITDA target to between Rp1.9 trillion and Rp2 trillion.