DigiPlus net income drops in Q1

Net income was down by 33 per cent year-on-year in the January-March period.

The Philippines.- DigiPlus Interactive Corp has shared its financial results for the first quarter of 2026. Net income was PHP2.8bn (US$50m) for the January-March period, down 33 per cent year-on-year.

According to the company, the decrease was primarily due to the delinking of e-wallet in-app access to licensed online gaming platforms, which impacted user activity and transaction volumes. This was compounded by more cautious consumer spending amid the global fuel crisis.

Revenue for the period was down 25 per cent year-on-year to PHP17.2bn (US$307m), while EBITDA declined 42 per cent to PHP2.6bn (US$46m). On a sequential basis, revenue remained relatively stable compared to PHP17.3bn in the fourth quarter of 2025, while net income increased 15 per cent quarter-on-quarter, supported by derivative gains related to DigiPlus’ investment in convertible bonds issued by International Entertainment Corporation. EBITDA slipped 15 per cent sequentially mainly due to higher non-recurring manpower-related expenses.

DigiPlus chairman Eusebio H. Tanco said: “Our first quarter performance reflects the softness following the delinking of licensed gaming platforms from e-wallet access points, which has affected user activity and transaction flows.

“Nonetheless, our fundamentals remain intact, and we remain confident in the long-term growth trajectory of the business as we adapt our payments ecosystem, strengthen player engagement, and continue to lead with responsible, innovative digital entertainment.”

During the quarter, DigiPlus paid PHP5.4bn (US$96m) in taxes and regulatory fees. The company ended March with PHP20.5bn (US$366m) in cash and cash equivalents and debt of PHP745.8bn (US$13m), resulting in a debt-to-equity ratio of 0.02.

DigiPlus’s ArenaPlus sports platform recently secured a multi-year agreement with the National Basketball Association, becoming the league’s first betting partner in the Philippines. The company has also announced an exclusive partnership with boxing icon Manny Pacquiao, featuring co-branded gaming content and the integration of MannyPay.

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Net income was down by 33 per cent year-on-year in the January-March period. The Philippines.- DigiPlus Interactive Corp has shared its financial results for the first quarter of 2026. Net income was PHP2.8bn (US$50m) for the January-March period, down 33 per cent year-on-year. According to the company, the decrease was primarily due to the delinking…