In today’s briefing:
- GoTo Accelerates Profitability Timeline but We Are Not Yet Convinced
GoTo Accelerates Profitability Timeline but We Are Not Yet Convinced
- GoTo (GOTO IJ) announced last week that it is accelerating its profit targets and aims to achieve positive adjusted EBITDA by 4QFY2023, advanced by five quarters.
- The company also expects Group’s contribution margin to become positive within the first quarter of 2023 accelerated by four quarters compared to the company’s previous guidance.
- Having analyzed the company’s revenue and cost base, we think this is too much to ask for as aggressive cost cutting would lead to giving up future growth opportunities.
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