Tanco-led gaming firm DigiPlus Interactive Corporation registered a 314 percent surge in net income to P8.75 billion in the first nine months of the year compared to the same period of 2023.
In a disclosure tothe Philippine Stock Exchange, the firm said its strong performance was driven by the robust growth of the retail games segment, introduction of new product offerings, and cost efficiencies.
Over the past year, DigiPlus launched diversified offerings that cater to a broader spectrum of demographics, driving higher user engagement, attracting new customer segments, and contributing to substantial revenue growth.
Revenues soared 223 percent to P51.56 billion from P15.98 billion. EBITDA, on the other hand, reached P9.34 billion, jumping 271 percent from P2.52 billion in the previous year.
In the third quarter, DigiPlus posted a net income of P3.52 billion, expanding 247 percent from a year ago, as revenues jumped 171 percent from its year-ago level to P19 billion on higher user traffic combined with fresh contribution from new game offerings.
“As DigiPlus increasingly reaches steady-state growth coming from exponential expansion since our digital pivot in 2022, we intend to cement our market leadership through focused research and development efforts to strategically develop culturally relevant games that resonate with Filipino audiences,” DigiPlus Chairman Eusebio Tanco said.
The firm said the launch of new games will continue to fuel its revenue growth. These homegrown creations are a product of extensive research and development (R&D), reflecting DigiPlus’ commitment to capturing the true essence of Filipino festivities.
DigiPlus is strengthening its position in the digital entertainment landscape with the strategic expansion of its R&D team and the launch of the DigiPlus Technology Bootcamp to foster Filipino tech talents.
Over the past year, DigiPlus expanded its Local Development Team by over 200 percent, with plans to double that growth by yearend.
These initiatives highlight DigiPlus’ commitment to next-gen digital experiences, combining advanced technology with rigorous research to develop products tailored specifically to Filipino audiences.
In the first nine months of the year, the DigiPlus’ BingoPlus Foundation pledged over P109 million to uplift communities, multiply the good, and make a lasting impact.
Notably, included in this commitment is the Foundation’s P35 million pledge to support the families of Typhoon Kristine casualties.
In a series of initiatives in the third quarter, the Foundation provided support to over 108,000 individuals nationwide, with projects addressing education, healthcare, livelihood, and disaster resilience.