- GoTo conquers digital landscape
- Indonesian tech giant turns profits
- Ecosystem strategy drives impressive quarterly financial performance
Digital Domination Hits New Heights
Indonesia’s digital powerhouse GoTo has rocketed into financial success, reporting its first positive Adjusted EBITDA of 137 billion rupiah ($8.73 million) for the third quarter of 2024.
The achievement marks a dramatic turnaround from last year’s 559 billion rupiah loss.
User Growth Fuels Breakthrough Performance
Driving this breakthrough, the company experienced a remarkable 21 percent surge in Monthly Transacting Users across its comprehensive digital ecosystem.
CEO Patrick Walujo highlighted the company’s strategic approach, emphasizing how each business segment amplifies value for the others.
Future Looks Bright for Indonesian Tech Giant
Financial experts predict continued momentum, particularly in GoTo’s financial technology segment.
CFO Simon Ho confidently projected the company remains on track for full-year adjusted EBITDA breakeven, positioning GoTo for sustained growth in the expansive Indonesian market.
