Q3 slump tempers DigiPlus gains

DigiPlus Interactive Corp. (DigiPlus), the digital entertainment company behind BingoPlus, ArenaPlus, and GameZone, posted a 16 percent increase in consolidated net income to P10.11 billion in the first nine months, lifted by strong retail game performance, new product rollouts, and operational efficiencies.

In a stock exchange disclosure on Thursday, DigiPlus said revenues surged 30 percent to P66.83 billion from P51.56 billion a year earlier, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 19 percent to P11.13 billion.

The company attributed its growth to increased business activity and new game licenses approved by the Philippine Amusement and Gaming Corp. (PAGCOR). It also paid P25.59 billion in government taxes and regulatory fees, up 9 percent from P23.40 billion last year.

However, momentum slowed in the third quarter as net income dropped 59 percent to P1.71 billion. EBITDA likewise fell 55 percent to P2.0 billion, while revenues contracted 23 percent to P19.05 billion.

DigiPlus said the decline followed tighter regulations requiring e-wallet providers to delink in-app access to licensed gaming platforms, which temporarily disrupted player activity and transaction volumes across the industry.

To cushion the impact, DigiPlus rolled out measures to strengthen player protection and customer service. In partnership with Philippine First Insurance Co. Inc., it launched the country’s first surety bond program for online gaming players, offering up to P1 million in financial protection per verified wallet.

It also teamed up with CIS Bayad Center Inc. to expand over-the-counter payment options nationwide for BingoPlus, ArenaPlus, and GameZone users.

“This period demonstrates DigiPlus’ resilience amid temporary setbacks. Throughout this period, we continue to focus on digital innovation, player protection, and good governance,” DigiPlus Chairman Eusebio Tanco said.

“As we grow our business and expand responsibly into new markets, we remain focused on upholding global corporate governance and responsible gaming standards, while creating a positive impact on the Filipino nation.”

Despite the headwinds, DigiPlus’ resilience was further recognized with its inclusion in the Philippine Stock Exchange Index effective last 18 August, cementing its status among the 30 largest and most actively traded companies on the local bourse.