Business · 2026-10-29 · Afternoon briefing

Indonesian driver commission cap cuts GoTo's profit by a quarter

GoTo Group, one of Indonesia's largest technology firms, reported a 25% drop in profits from its core ride-hailing and delivery business during the July-to-September quarter. The sharp decline, measured against the preceding three-month period, was directly attributed to a new government regulation targeting the company's fee structure for its drivers.

The rule, which imposes a cap on the commission that platforms can charge, came into force on July 1st. This meant the new, lower take-rate was applied to Gojek, GoTo's on-demand platform operating in cities like Jakarta, for the entire reporting period. The 25% profit drop for the division reflects the direct financial consequence of the policy being active throughout the full three-month window.

Summary written by Cup of News with AI from the sources below. Check the originals for the full story.

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• Indonesia's GoTo posts second straight quarterly profit on fintech strength
• GoTo Posts Rp607 Billion Net Profit in First Half of 2026
• PT GoTo Gojek Tokopedia stock (ID1000170509): Gojek cuts rider commission to 8%
• GoTo's ride-hailing earnings drop on Indonesia driver commission cap
• Indonesian gig drivers protest demanding lower app fees

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