GoTo Posts First Quarterly Net Profit

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(10:42 GMT) *GoTo Gojek Tokopedia 1Q Net IDR171B Vs. Loss IDR367B (10:44 GMT) *GoTo Gojek Tokopedia 1Q Adj Ebitda IDR907B Vs. IDR393B >GOTO.JK (10:45 GMT) *GoTo Gojek Tokopedia 1Q Net Rev IDR5.341T Vs. IDR4.231T >GOTO.JK (10:45 GMT) *GoTo CFO: Costs Falling Due to Tech, AI Strategy >GOTO.JK (10:46 GMT) *GoTo CFO: Rev Growth Significantly Outpaced Cost Growth for Fintech, On-Demand Services >GOTO.JK (11:41 GMT) GoTo Posts First Quarterly Net ProfitBy Kimberley KaoGoTo Gojek Tokopedia recorded its first-ever quarterly net profit as the Indonesian company's artificial-intelligence and technology push accelerated its cost-cutting drive.The company's first-quarter net profit was 171 billion rupiah, equivalent to $9.9 million, compared with a net loss of 367 billion rupiah in the year-ago period.Net revenue rose 26% to 5.341 trillion rupiah, exceeding analysts' consensus estimate of 4.965 trillion rupiah in a Visible Alpha poll."These results reflect operating leverage that is now structurally embedded in our business," GoTo Group Chief Financial Officer Simon Ho said Tuesday. "Revenue growth significantly outpaced cost growth across both fintech and on-demand services, and our cost to serve is falling as our tech and AI strategy takes hold."Adjusted Ebitda more than doubled to 907 billion rupiah in the first three months of 2026. Adjusted earnings before interest, taxes, depreciation and amortization are GoTo's key measure of profitability."Achieving net profit for the first time in our history is a big moment for GoTo. It reflects years of work from our teams to drive top-line growth and cost discipline," said Chief Executive Hans Patuwo.GoTo's CEO, who took over late last year after a leadership shakeup, also offered an encouraging outlook amid the uncertain macroeconomic backdrop, saying that the company is "well-positioned to navigate the current global environment."The company maintained its full-year adjusted Ebitda guidance of 3.2 trillion rupiah to 3.4 trillion rupiah.The results could help revive sentiment in shares of the ride-hailing and e-commerce company, which have lost steam this year amid broader declines in Indonesian stocks.Write to Kimberley Kao at [email protected]

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