Asia

GoTo Earnings Forecast Tops Estimates After Cost Reductions

Gojek pick up riders during the morning rush hour in Jakarta, Indonesia.Photographer: Dimas Ardian/Bloomberg

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By Olivia Poh

March 11, 2026 at 10:23 AM UTC

Updated on

March 12, 2026 at 3:10 AM UTC

GoTo Group forecast earnings for this year above analysts’ estimates, giving the Indonesian ride-hailing and food delivery provider fresh momentum in its rivalry with Grab Holdings Ltd. even as pressures mount for a takeover.

It predicted 3.2 trillion rupiah ($190 million) to 3.4 trillion rupiah in 2026 adjusted earnings before interest, taxes, depreciation and amortization. Analysts expected 3.1 trillion rupiah on average. Earnings on that basis for 2025 climbed to 2 trillion rupiah, while the net loss narrowed.