DigiPlus' net income grows 358% in 1Q24 to $35M

Philippine retail gaming provider DigiPlus Interactive Corp posted a net income of PHP2 billion ($35 million) in the first quarter of the year, marking a 358 percent increase from 2023.

DigiPlus' sustained profit momentum was fueled by the robust performance of its digital retail segment.
Revenues surged by 226 percent from the previous year to PHP13.6 billion ($236 million) as user traffic on its flagship platforms, BingoPlus and ArenaPlus, continued to grow, along with a fresh contribution from new game offerings. Meanwhile, EBITDA surged by 313 percent year-on-year to PHP2.1 billion ($37 million).
In 2023, DigiPlus reported PHP4.1 billion ($73 million) in net income, marking a more than 596 percent increase from the previous year.

https://agbrief.com/news/philippines/25/03/2024/digiplus-reports-6-fold-income-growth-in-2023-driven-by-bingo-games

Formerly known as Leisure and Resorts World Corp, DigiPlus, with its traditional onsite bingo operation, its BingoPlus platform, and other e-games, accounts for over 90 percent of the company’s total revenue.
To diversify its digital entertainment portfolio, DigiPlus continues to introduce innovative product offerings that cater to a variety of demographics and lifestyle preferences. According to the firm, it recently launched Perya Game, a local leisure and entertainment game platform with a nod to traditional Filipino carnival.

"We intend to sustain our growth momentum by continuing to invest in innovation and new technologies to enhance user experience and by adding new digital offerings traditionally well-loved by Filipinos. By delivering innovative, fun, and accessible digital offerings, we aim to continue revolutionizing the entertainment space in the Philippines,” said DigiPlus President Andy Tsui.

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