GOTO – To Lower Ride-Hailing Commission to 8% from 1 Jul ’26

GOTO – To Lower Ride-Hailing Commission to 8% from 1 Jul ’26 GoTo Gojek Tokopedia (GOTO) announced that it will reduce the commission rate for its two-wheeler ride-hailing service to a maximum of 8%, effective 1 Jul ‘26, in support of the government’s initiative to improve driver welfare. The announcement followed a meeting between GOTO, Grab Indonesia, and Indonesia’s House of Representatives (DPR). Grab Indonesia also confirmed that it will implement the same maximum 8% commission rate for its GrabBike service starting on the same date. (Source: IDN Times) Comment: The implementation of the 8% commission cap effective 1 Jul ‘26 marks the realization of a key regulatory overhang for GOTO. Based on our estimates, the lower take rate is expected to reduce the On-Demand Services (ODS) segment revenue by -35.7% yoy in ‘26F.