DigiPlus sees 'gradual recovery' after e-wallet link removal
DigiPlus Interactive Corp., the country’s leading online gaming firm, is hopeful that its earnings will bounce back in the fourth quarter as it invests more in marketing following the drop in third-quarter profits due to the removal of links to its platform from e-wallet apps.
In an interview, DigiPlus President Andy Tsui said the company’s customer service team has been reaching to out to its high-value players, helping them install the company app and redirecting them to DigiPlus’ website in response to the government’s move to remove online gaming access to e-wallets like GCash and Maya since mid-August.
“So our customer service team has been actively contacting some of these high-value players and trying to bring them back to our platform,” he said, but declined to reveal how much the business has improved.
He noted that, “We don’t disclose the fourth-quarter results. [But] we’re seeing a gradual recovery from the last two months.”
During the Philippine Stock Exchange’s (PSE) recent Strength Access and Reach (STAR): Investor Day, Tsui said DigiPlus has enhanced its payment ecosystem to allow players to continue access to multiple channels, partnering with other payment centers to expand the network for funding players.
DigiPlus reported that third-quarter revenue was essentially flat from a year ago at ₱19.05 billion.
The company, however, still posted an improvement for its first nine months, with net income hitting ₱10.11 billion, up 15.59 percent from ₱8.75 billion in 2024.
Revenue hit ₱66.83 billion in the first nine months of the year, a 30-percent uptick from ₱51.56 billion in the same period last year.