DigiPlus profit surges 596%

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DigiPlus Interactive Corp. grew its profit last year by 596 percent to P4.1 billion from P589 million in 2022.

Revenues grew 306 percent to P27.3 billion from P8.9 billion the prior year.

The company in a statement said the growth was driven by the sustained growth of its digital retail segment as new platforms were introduced.

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Flagship bingo platform BingoPlus and sportsbook ArenaPlus experienced higher user traffic.

Earnings before interest tax depreciation and amortization (EBITDA) reached P4.8 billion.

“DigiPlus continues to invest in new technologies and product development as it aims to establish a digital entertainment ecosystem, unlocking innovative product formats for Filipinos that can be accessed anytime and anywhere. To cater to broader demographics and lifestyle preferences, DigiPlus launched new products–Color Game, which mirrors traditional Filipino carnival games ; BingoPlus Poker captures the thrill and fun of well-loved card games in the digital space; and TongitsPlus, a newly launched social game that offers the well-loved card game without wagering real money,” the company said.

In the fourth quarter alone, DigiPlus posted profit of P2 billion, up 392 percent. Revenues grew 331 percent to P11.3 billion.

 

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