DigiPlus Interactive Corp. (DigiPlus), one of the fastest-growing digital entertainment groups in the country, registered a net income of ₱2.1 billion in the first nine months of the year, more than a tenfold growth from its year-ago level. This was driven by the robust performance of its digital retail gaming segment, the launch of new game offerings combined with cost efficiencies achieved as the business continues to gain scale.
Revenues in the first nine months of the year nearly tripled to ₱16.0 billion on higher user traffic in its flagship livestreaming bingo game under BingoPlus and digital sportsbetting under ArenaPlus, lifted by aggressive advertising and promotion efforts. EBITDA, on the other hand, jumped 390 percent from a year ago to ₱2.5 billion.
In the third quarter alone, net income surged 132 percent to ₱1.0 billion year-on-year, bolstered by the introduction of new digital games in both platforms. Revenues in the third quarter soared 144 percent to ₱7.0 billion. Meanwhile, EBITDA surged 123 percent to ₱1.3 billion.
Since its foray into the digital segment in January 2022, DigiPlus has accumulated a strong user base across its digital ecosystem. In September, DigiPlus launched Color Game, a livestreaming specialty game that mirrors the traditional carnival game. The Color Game is available in the BingoPlus and ArenaPlus platforms. To cater to broader demographics and lifestyle preferences, DigiPlus will launch in the coming months new and innovative game offerings, including a cards game.
“The sustained growth momentum in our BingoPlus and ArenaPlus platforms combined with the promising prospects for our new game offerings put us in a strong position to capture the opportunities around digital entertainment. We continue to be positive about our growth trajectory as we execute on our vision to harness technologies to unlock new forms of entertainment for Filipinos that can be accessed anytime and anywhere,” said DigiPlus President Andy Tsui. |
About DigiPlus Interactive Corp. DigiPlus Interactive Corp. is one of the fastest-growing digital entertainment companies in the country, which successfully launched BingoPlus and ArenaPlus. With combined users of over 20 million, the two platforms revolutionized Filipinos’ entertainment experience by harnessing technology and innovation. DigiPlus continues to expand its product offerings to establish itself as a leading digital entertainment group in the country.
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