November 11, 2025 | 10:00 am
TEMPO.CO, Jakarta - The share price of GoTo Gojek Tokopedia (GOTO), surged suddenly a day after the tech company released its third-quarter 2025 financial report. The stock, which had been stagnant at Rp56 (around US$$0.0033) per share on Wednesday, October 29, 2025, rose to Rp60 (US$0.0035) the next day.
News that the company had, for the first time, recorded an adjusted pre-tax profit of Rp62 billion (US$3.7 million) sparked euphoria on the trading floor. Before the announcement, since late August, GoTo’s shares had hovered below Rp60.
But the surge did not last long. GoTo’s share price quickly flattened again, dipping below Rp60 between October 31 and November 4, before recovering slightly to hover around Rp61-62 (US$0.0036-0.0037) per share.
According to Heru Sutadi, Executive Director of the Indonesia Information and Communication Technology Institute, the stagnant share price reflects investors waiting for concrete moves and fresh innovations from GoTo’s management to boost performance. “Public trust in the company still needs to be strengthened,” he told Tempo on Wednesday, November 5.
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