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GoTo

First adjusted pre-tax profit in Q3 2025; adjusted EBITDA up 239% YoY to Rp516B

AI Transformation ProgramAI Governance RetainerTeam Training
Rp62 billion (Q3 2025)
Adjusted Pre-Tax Profit
+58% YoY to Rp268.2T (FY2024)
Core GTV Growth
Rp516B in Q3 2025 (+239% YoY)
Adjusted EBITDA

The Challenge

GoTo Group, formed from the 2021 merger of Gojek and Tokopedia, operates Indonesia's largest digital ecosystem spanning ride-hailing, e-commerce, food delivery, payments, and financial services. Despite reaching 61.1 million annual transacting users by 2024 — roughly 30% of Indonesia's adult population — the company faced persistent losses as it struggled to optimize resource allocation across interdependent verticals generating billions of real-time events daily from drivers, merchants, and consumers.

Indonesia's archipelagic geography — seventeen thousand islands with vast disparities in infrastructure quality and internet penetration — created logistical complexity that continental-market solutions could not address. The platform needed to simultaneously balance driver utilization, delivery speed, merchant satisfaction, and unit economics across its super-app ecosystem while navigating rapidly evolving Indonesian regulatory frameworks governing gig-economy labor, data privacy under the new PDP Law, and financial-service licensing across Southeast Asian jurisdictions.

The Approach

GoTo deployed a unified demand-prediction engine that jointly forecasts ride-hailing, food-delivery, and logistics volumes at hyperlocal granularity, enabling proactive driver positioning that maximizes cross-vertical utilization. A multi-modal routing optimization system uses reinforcement-learning agents that adapt to real-time traffic conditions across Indonesia's diverse infrastructure, from congested Jakarta streets to inter-island connections. The platform's ML infrastructure was consolidated onto a shared feature store and model-serving layer, reducing duplication across verticals.

In November 2024, GoTo launched Sahabat-AI, an open-source large language model built for Bahasa Indonesia and local dialects, in partnership with Indosat Ooredoo Hutchison. By June 2025, the model scaled to 70 billion parameters with multilingual chat capabilities across Javanese, Sundanese, Balinese, and Bataknese, recording over 35,000 downloads on Hugging Face. GoTo also launched Dira, the first AI-based fintech voice assistant in Bahasa Indonesia, powered by Google Cloud.

GoTo migrated 50% of its infrastructure — tens of petabytes of data across 9,000 services — to Alibaba Cloud with zero downtime, establishing the foundation for a shared internal AI platform providing standardized access to GPUs, models, and reusable components. Dynamic pricing algorithms balance supply-demand equilibrium while incorporating fairness constraints calibrated per city tier, and customer lifetime value models span the entire super-app ecosystem to attribute cross-vertical engagement to upstream acquisition investments.

Results

Rp62 billion (Q3 2025)
Adjusted Pre-Tax Profit
Achieved first-ever quarterly adjusted pre-tax profit of Rp62 billion in Q3 2025, an improvement of Rp728 billion year-on-year (GoTo Q3 2025 earnings release)
+58% YoY to Rp268.2T (FY2024)
Core GTV Growth
Full-year 2024 core gross transaction value reached Rp268.2 trillion, a 58% increase, while annual transacting users grew 33% to 61.1 million (GoTo FY2024 earnings release)
Rp516B in Q3 2025 (+239% YoY)
Adjusted EBITDA
Group adjusted EBITDA reached Rp516 billion in Q3 2025, up 239% year-on-year, with positive adjusted free cash flow of Rp247 billion (GoTo Q3 2025 earnings release)

This is an industry case study based on publicly available information. GoTo is not a Pertama Partners client.

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