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Winston Zhang · · 5 min read

Navigating GoTo’s Q3 financials

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Hi there,

How many pivots have you had to make in your personal life? Were there times you’ve had to completely rethink your career path or cut out toxic friends and family members?

In my case, a quick count brings up five major instances.

Some of these changes can be difficult to make, even if you know it’s for the best in the long term. You just have to endure the immediate pain and trust that the process will bring you somewhere brighter.

Today’s premium article shows how, despite cutting costs and achieving some other encouraging metrics, GoTo saw its share price drop 6.7% a day after the release of its Q3 results. I can’t say for sure which direction the company will take next, but it definitely has to trust in its own process and hope for better days ahead.

Today we look at:

  • Diving in GoTo’s Q3 results
  • The US$6 million series A raise of an Indonesia-based beauty brand
  • Other newsy highlights such as more layoff news and J&T Express’ new superstar global ambassador

Premium summary

GoTo profitability?

Image credit: Timmy Loen

I’m pretty sure I’ve written about this before, but I’ve always been big about processes. Results are important, of course, but I typically look for ways to do things that can ensure consistently good production.

This applies to almost everything in my life – from work processes to even how I like to keep two large bottles of water beside the hot water flask at home for refills.

I might apologize for my idiosyncrasies, if only my methods weren’t so correct.

Jokes aside, GoTo’s share price didn’t look good after it released its Q3 results, but its overall approach appears sound.


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Winston Zhang

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