<![CDATA[This study aims to analyze the impact of merger and acquisition strategies on the financial performance and corporate sustainability of PT GoTo Gojek Tokopedia Tbk. The research employs a quantitative approach with a descriptive-comparative design by comparing financial indicators before and after the merger. Secondary data were obtained from annual and quarterly financial statements for the 2021–2024 period. The results show that post-merger, GoTo experienced consistent net revenue growth from IDR 11.3 trillion in 2022 to IDR 15.89 trillion in 2024. Alongside this growth, the company successfully achieved significant operational efficiency, evidenced by a reduction in operating losses from IDR 36.19 trillion to IDR 10.72 trillion during the same period. Despite a net loss anomaly in 2023 driven by goodwill reversal, the company's capital structure in 2024 indicates a more stable condition with controlled liabilities. The merger strategy has proven to have successfully shifted the company's business orientation from an inefficient hypergrowth phase to a sustainable, structural phase of profitability.]]>
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