DigiPlus Interactive Corp. (DigiPlus) said Friday its net income surged by 389 percent in the second quarter of 2024 to P3.2 billion from a year ago.
DigiPlus said in a disclosure to the stock exchange its strong financial result was fueled by the robust performance of its digital retail segment, combined with the rationalization of revenue sharing with Philippine Amusement and Gaming Corp. (PAGCOR) for electronic games implemented in April 2024.
Second-quarter revenues jumped 295 percent to P18.9 billion from the same period last year on higher user traffic combined with fresh contribution from new game offerings.
EBITDA (earnings before interest, taxes, depreciation and amortization), an alternate measure of profitability to net income, jumped 351 percent year-on-year to P3.4 billion.
Net income in the first half expanded by 377 percent to P5.2 billion from P1.1 billion in the same period last year as revenues soared 263 percent to P32.5 billion from P8.9 billion.
“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. 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,” said DigiPlus chairman Eusebio Tanco.
DigiPlus said it paid P15.1 billion in taxes and fees to the national government as part of its contribution to the country’s economic growth and social development.
It also provides jobs to over 3,300 employees in different parts of the country.
DigiPlus, formerly Leisure and Resorts World Corp., operates the country’s leading digital platforms BingoPlus, ArenaPlus and PeryaGame.
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