KONTAN.CO.ID - Jakarta. Amidst the rumor that GOTO may have a short cash runway, BRI Danareksa just released a report that stated the company’s cash balance may be enough to take the company into EBITDA positive even with assumption of no extra fundraising. “We continue to believe that contribution margin positive is doable from 3Q23 while EBITDA should be positive in 2025 even in the absence of any new fundraising,” wrote Niko Margaronis, Research Analyst from BRI Danareksa Sekuritas. BRI Danareksa Sekuritas projects EBITDA positive in 2025 given several factors, such as: steady GTV quarterly growth, the benign competition with monetization schemes being regularly adjusted upwards, and cost minimization.
BRI Danareksa: GOTO’s cash balances may be enough to take them into EBITDA positive
KONTAN.CO.ID - Jakarta. Amidst the rumor that GOTO may have a short cash runway, BRI Danareksa just released a report that stated the company’s cash balance may be enough to take the company into EBITDA positive even with assumption of no extra fundraising. “We continue to believe that contribution margin positive is doable from 3Q23 while EBITDA should be positive in 2025 even in the absence of any new fundraising,” wrote Niko Margaronis, Research Analyst from BRI Danareksa Sekuritas. BRI Danareksa Sekuritas projects EBITDA positive in 2025 given several factors, such as: steady GTV quarterly growth, the benign competition with monetization schemes being regularly adjusted upwards, and cost minimization.