EBITDA Turns Positive: Highlights from GOTO's Financial Performance

By Editorial Team 20/03/2024
financial analysis
Summary

GOTO Gojek Tokopedia (GOTO) finally achieved a positive adjusted EBITDA of Rp 77 billion in the fourth quarter of 2023, with Gojek, the On-Demand Services business unit of GOTO, recording a positive adjusted EBITDA of Rp 239 billion. As a result, throughout 2023, GOTO recorded a negative adjusted EBITDA of Rp 3.67 trillion, significantly lower than the previous year's Rp 16.01 trillion.

Adjusted EBITDA is a financial metric that removes various one-time, irregular, and non-recurring items from EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The adjusted EBITDA margin is a key metric to measure a company's operating performance and is widely used to assess financial profitability.

With this achievement, GOTO announced plans to conduct a share buyback. "A share buyback initiative of up to US$200 million, with realization subject to shareholder and regulatory approval," the management stated on Mar. 19.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.