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2025-01-08 14:02:18 -

GoTo CEO Patrick Walujo commits to long haul as profitability edges close
The CEO’s extended tenure reflects confidence in GoTo’s growth trajectory amid fierce competition in Southeast Asia. Patrick Walujo, CEO of GoTo Group, has committed to leading the Indonesian tech company through 2029. The announcement underscores the progress he has made in steering the company toward profitability, with GoTo reporting a positive adjusted EBITDA in late 2023 and...

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Ifvex

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2025-04-29 16:02:31 -

Indonesia’s GoTo Group achieves record profitability in 1Q25
PT GoTo Gojek Tokopedia Tbk, the largest digital ecosystem in Indonesia, announced Tuesday its 2025 first quarter financial results. The Company reached record adjusted EBITDA in its Fintech and On-Demand Services units, as well as sustained year-on-year (y-o-y) core gross transaction value (GTV) growth, highlighting GoTo’s strong product mix and strategic execution across its integrated...

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Ifvex

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2025-09-23 01:55:33 -

The road to profitability is paved with good data management
Expectations of an imminent interest rate cut by the Federal Reserve have dampened the profitability outlook for banks across Asia Pacific. As global rates moderate, regional lenders are already seeing pressure on interest income — a core driver of bank earnings. Compounding this are other structural challenges. According to Fitch Ratings, banks in Singapore are navigating thinner net...

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Ifvex

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2025-08-16 02:42:40 -

Indonesia’s GoTo reaffirms 2025 adjusted EBITDA guidance after record breaking performance
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has reaffirmed its 2025 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of Rp1.4 trillion ($86.89 million)- Rp 1.6 trillion and remains on track to meet full-year targets. The firm said in a statement on Thursday that it has set new records for group core gross transaction...

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Ifvex

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2025-06-12 09:55:08 -

Malaysia’s Carsome records EBITDA of $4.3M in the first quarter
Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform starts 2025 strong, posting earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4.3 million in the first quarter, and continuing the positive momentum from its profitable close to FY2024. The firm said in a statement on Thursday that in the first quarter, the group’s gross profit...

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