Indonesian superapp company GoTo, which operates the ride-hailing service Gojek and online marketplace Tokopedia, announced its first-ever quarterly net profit on April 28, 2026 [1]. This milestone was attributed in part to the growth of its fintech business, marking a significant achievement for the company [1].
GoTo CEO Hans Patuwo stated that the company may consider raising fares for its Gojek ride-hailing service if fuel prices continue to rise due to the Iran war [1]. Patuwo emphasized that GoTo will monitor the situation closely and make adjustments as necessary, reflecting the company's cautious approach in the face of ongoing geopolitical tensions and volatile global energy markets [1].
The potential fare increases are part of GoTo's broader strategy to sustain profit growth while managing risks associated with fluctuating oil prices [1]. No specific figures or percentages regarding the net profit or potential fare hikes were disclosed in the article [1].
No immediate market reactions or analyst opinions were mentioned in the source [1].
CONCLUSION
GoTo's first quarterly net profit marks a significant milestone for the company, driven by its expanding fintech business. The possibility of Gojek fare hikes highlights GoTo's cautious approach to managing rising fuel costs amid geopolitical uncertainty. Investors and users should monitor further developments as the company adapts its pricing strategy.