GoTo accelerates profitability timeline, with adjusted EBITDA expected to turn positive in 4Q, 2023

PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Friday announced that it has further accelerated its profitability timelines. The firm expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to become positive within the fourth quarter of 2023.