Bukalapak Achieves 63% Revenue Surge in Q1 2026 with Positive Adjusted EBITDA Milestone

Bukalapak, Indonesia's leading all-commerce platform, reported a remarkable 63% year-on-year revenue increase to IDR 2.37 trillion in the first quarter of 2026.

The surge was primarily driven by the gaming segment, which contributed IDR 2.1 trillion, up significantly from IDR 1.1 trillion a year earlier.

Breakdown of Segment Performance

Mitra Bukalapak generated IDR 175 billion, reinforcing its role in empowering micro, small, and medium enterprises across Indonesia.

The retail segment saw IDR 80 billion in revenue, boosted by the opening of three new Lifework stores in major malls.

Investment activities brought in IDR 22 billion, supported by growth in assets under management and new financial products like gold-based and USD-denominated instruments.

Path to Profitability

Bukalapak achieved a positive adjusted EBITDA of IDR 4 billion, a turnaround from a loss of IDR 20 billion in Q1 2025, with contribution margin at IDR 98 billion.

Historically, Bukalapak has evolved from an e-commerce marketplace into a diversified ecosystem encompassing gaming, MSME support, retail, and investments.

This Q1 performance underscores the impact of strategic expansions, such as Lapak Gaming Battle Arena and enhanced payment solutions like QRIS Soundbox for partners.

Future Growth Outlook

Executives, including Director Victor Putra Lesmana, highlighted the company's commitment to operational discipline amid promising market opportunities.

The strong results position Bukalapak to strengthen its dominance in Indonesia's technology ecosystem, targeting sustainable profitability.

Overall, this quarter's success reflects broader economic recovery and digital adoption trends in Southeast Asia's largest economy.