FinanceDealStreetAsiaabout 1 hour ago
GoTo Profit Rises Despite Commission Cap
4 min read
Indonesian tech giant GoTo posted a net profit of 441 billion rupiah ($24.3 million) in the third quarter of 2026, reversing a prior loss. CEO Hans Patuwo attributed pressure to an 8% commission cap on two-wheeler ride-hailing services. The company raised its full-year adjusted EBITDA guidance to between 3.5 trillion rupiah and 3.7 trillion rupiah.
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