GoTo’s first profit signals a fintech-driven future

After years of red ink, restructurings, layoffs and subsidy cuts, GoTo has finally crossed a line that once felt distant for Southeast Asia’s consumer internet giants: it has reported a quarterly net profit. Indonesia’s biggest digital ecosystem said it posted a first-quarter net profit of US$10.2 million, reversing a US$21.8 million net loss a year earlier. Adjusted EBITDA, […] The post GoTo’s first profit signals a fintech-driven future appeared first on e27.