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Manila Bulletin devider Business devider The Stock Market devider Digiplus profits surge 377% to P5.2 billion

Digiplus profits surge 377% to P5.2 billion

Published Aug 13, 2024 06:20 am

DigiPlus Interactive Corp. (DigiPlus), the fastest-growing digital entertainment group in the country, registered a 377 percent increase in net income to P5.2 billion in the first half of the year from P1.1 billion in the same period a year ago.

In a disclosure to the Philippine Stock Exchange (PSE), the firm said its sustained profit momentum was fueled by the robust performance of its digital retail segment combined with the rationalization of revenue sharing with Philippine Amusement and Gaming Corporation (PAGCOR) for electronic games implemented in April 2024.

Revenues jumped 263 percent to P32.5 billion from P8.9 billion. EBITDA, on the other hand, reached P5.5 billion, jumping 336 percent from the previous year.

“The first semester was encouraging for DigiPlus. Despite the challenges, we strive to continue to innovate and deliver unparalleled digital entertainment experiences to our customers," said DigiPlus Chairman Eusebio Tanco.

“By optimizing user engagement through personalized experiences and diversifying our content offerings, we believe we are poised to capture the strong growth of the digital entertainment industry,” he added.

DigiPlus said that, through BingoPlus Foundation, it is dedicated to making a lasting impact through its corporate social responsibility efforts, supporting communities, and fostering a resilient future for all.

BingoPlus Foundation has reinforced its commitment to contribute to the United Nations Sustainable Development Goals of addressing hunger (SDG 2) and promoting sanitation (SDG 6) in the country.

The Foundation distributed 1,000 groceries of food essentials and sanitation supplies to evacuees in the wake of the Mt. Kanlaon volcanic eruption in Negros Occidental, done in partnership with the Municipality of La Castellana, represented by Mayor Alme Rhummyla Nicor-Mangilimutan; and the Nikki Cares Foundation Inc., represented by founder Dominique Lopez-Benitez.

In support of the “LAB For All” medical program spearheaded by First Lady Liza Araneta Marcos in Bacolod City, BingoPlus Foundation also provided volunteers and logistics support to mobilize the said medical mission, benefitting nearly 8,000 patients in the city.

BingoPlus Foundation further broadened its impact in General Santos, providing flu vaccination to 500 residents in Purok Mapailubon and initiating the construction of sanitation facilities in barangays.

The foundation further launched a dressmaking training center with Barangay San Isidro, TESDA and DOLE, as part of its KabuhayanPLUS livelihood program.

These initiative forms part of the foundation’s Barangay Bigayan program, which aims to address the most urgent and pressing needs of urban communities in terms of resilience, health and capacity-building education and infrastructure. This seeks to enrich the spirit of giving and togetherness that Filipinos are known for.

“Our Barangay Bigayan initiatives are grounded in our commitment to holistic community support. While healthcare is directly addressed through medical missions and improved sanitation facilities, our resilience efforts go beyond post-disaster presence," said DigiPlus President and BingoPlus Foundation Chairman Andy Tsui.

“We focus on capacity-building programs for emergency preparedness and economic stability, ensuring that our communities are equipped to face any challenge," he added.

Related Tags

Eusebio Tanco Andy Tsui DigiPlus Interactive Corp. (DigiPlus)
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