DigiPlus Interactive Corp., the country’s largest online gaming operator, closed the Q4 with lower numbers as new regulations disrupted the way players access its platforms.
In its report to the Philippine Stock Exchange, the company said revenue for the quarter fell to $289.3 million, down 27% from $369.3 million in the same period in 2024. Net income slid 36% year-on-year to $41.8 million, while EBITDA dropped 32% $51.84 million.
The company experienced a sharp decline in revenues as a result of the regulations issued by the state requiring them to decouple e-wallet in-app access from licensed online gaming sites during the third quarter of the year, thus slowing down the operating activities of the company while players adjusted to the new methods of funding and accessing their gaming accounts. By the end of the fourth quarter, the company had generated 43% growth in net income from the $28.43 million generated during the third quarter, and an increase in EBITDA of 52% from the $33.44 million produced in the third quarter, as a result of cost management and operational adjustments.
Another positive outcome for DigiPlus Interactive Corp. was their ability to maintain positive EBITDA at year-end with total net income generated by the company being $210.7 million as the company finished off the fourth quarter with significantly improved results from the fourth quarter when the regulations no longer affected them for the full quarter.
Tanco, the company’s chairman, pointed out that the quarterly and annual performances are a reflection of the company’s ability to adapt to an ever-changing regulatory climate, along with increased competition in the marketplace. Tanco expressed enthusiasm for the outlook for the upcoming year based on the company’s ability to produce resilient results during these very dynamic times for the industry.
As 2025 closed, the company had PHP 23.4 billion in cash and cash equivalents, giving the company a comfortable liquidity position. The company’s debt is at a modest PHP 745.8 million, giving the company’s balance sheet flexibility to pursue future investment opportunities even after the payment of the dividend.
