GoTo's revenue up 18%, loss down by 80%

GoTo Group reported a 43% year-on-year increase in gross transaction value (GTV) to 89.8 trillion rupiah (around US$5.56 billion) and a 18% increase in net revenue to 4.3 trillion rupiah (around US$266 million), according to its statement released on August 13, 2025.

The Jakarta-based digital ecosystem operator also posted adjusted EBITDA of 427 billion (around US$26.4 million), compared to a loss year-on-year.

Its group EBITDA was also positive for the third straight quarter at 292 billion rupiah (around US$18.1 million).

GoTo’s net loss narrowed by 80% year-on-year to 375 billion rupiah (around US$23.2 million).

As of June 30, 2025, the group held 18.2 trillion rupiah (US$1.1 billion) in cash and equivalents.

🔗 Source: GoTo Group

🧠 Food for thought

1️⃣ Aggressive cost discipline transforms unprofitable tech giant into consistent earner

GoTo’s financial transformation demonstrates how dramatic cost reduction can rapidly change a company’s trajectory, even in competitive markets.

The company slashed total expenses by 7.7% to 8.73 trillion rupiah in the first half of 2025, while losses plummeted 73.6% from 2.81 trillion rupiah to 742 billion rupiah year-over-year1.

This improvement came through targeted actions including job cuts and shutting down unprofitable business units, helping GoTo achieve its fourth consecutive quarter of adjusted profit2.

The turnaround is particularly striking given that GoTo’s stock had fallen 80% since its 2022 IPO, yet has risen over 20% in the past year as investors recognized the earnings improvement2.

The company’s shift from a negative 1.12 trillion rupiah EBITDA in H1 2024 to positive 447 billion rupiah in H1 2025 shows how disciplined execution can restore investor confidence in previously struggling tech companies1.

2️⃣ Complex cloud migration delivers immediate operational benefits beyond cost savings

GoTo’s massive cloud infrastructure overhaul showcases how technical investments can drive both efficiency and strategic positioning simultaneously.

The company migrated tens of petabytes of data across 9,000 services to Alibaba Cloud and moved over 1,000 microservices to Tencent Cloud in under five hours, completing what executives called one of Indonesia’s most complex cloud migrations3 4.