PT Goto Gojek Tokopedia Tbk (OTCPK:GTOFF)

Q2 2026 GoTo Gojek Tokopedia PT Tbk Earnings Call Transcript

Jul 29, 2026 / 12:00 PM GMT

Release Date Price: $0.0017

Transcript

Key Points

Positve

PT Goto Gojek Tokopedia Tbk (GTOFF) reported a net income of Rs 252 billion in Q2 2026, marking the second consecutive quarter of net profit with a 47% increase quarter-on-quarter.
Adjusted EBITDA more than doubled year-on-year, exceeding RMB1 trillion for the first time, indicating strong operational efficiency.
Annual transacting users increased by 19% year-on-year, reaching 71 million, showcasing robust user growth.
Fintech services achieved profitability, with adjusted EBITDA surpassing that of on-demand services for the first time.
The company maintained its full-year group adjusted EBITDA guidance, reflecting confidence in its financial outlook despite regulatory changes.

Negative

The introduction of an 8% commission cap on two-wheel passenger transportation services led to an adverse adjusted EBITDA impact of approximately RMB300 billion.
The company's share price has been at the RP52 floor for almost three months, reflecting market challenges and regulatory impacts.
Margins for the two-wheel transportation business deteriorated due to the new commission cap, impacting unit economics negatively.
The Indonesian equity market has been challenging, with a 30% decline year-to-date, affecting overall investor sentiment.
Macroeconomic headwinds, including inflation and interest rate hikes, pose risks to consumer confidence and spending, potentially impacting future growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GOTO.JK - GoTo Gojek Tokopedia PT Tbk
Q2 2026 GoTo Gojek Tokopedia PT Tbk Earnings Call
Jul 29, 2026 / 12:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Hello, everyone. This is Joel Ellis, Head of Investor Relations.

Welcome to the PT GOTO GOJEC Tokopedia TBK Second Quarter 2026 Earnings Conference.

Please be advised that today's conference is being recorded.

On today's call, Hans Patuo, our President, Director and Group Chief Executive Officer, and Simon Ho, Group Chief Financial Officer, will deliver prepared remarks. Following their commentary, we will open up the call for questions and be joined by Catherine Himdrasochayo, our Deputy Chief Executive Officer and Vice President Director, and Sugaju Rahedja, our Group Chief Operating Officer, along with members of GOTU's Board of Directors.

We would like to highlight that the

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.