Indonesian technology conglomerate GoTo reported its second consecutive quarterly profit for the second quarter of 2026, with net revenues reaching 5.7 trillion rupiah (approximately $350 million), a 31% increase year-over-year, according to a report from Inside Retail Asia.
The company attributed the strong performance to its fintech arm, which continued to benefit from rising digital payment adoption and lending activities in Southeast Asia. GoTo's fintech segment has been a key driver of revenue growth, helping offset slower expansion in its on-demand services like ride-hailing and e-commerce.
This marks a significant turnaround for GoTo, which had struggled with profitability since its merger in 2021. The company has been focusing on cost-cutting measures and integrating its financial services across its ecosystem to achieve sustainable growth.