• Net income fell 33 percent to P2.8 billion
• Revenues dropped 25 percent to P17.2 billion
• Cash remained strong at P20.5 billion
Online gambling giant DigiPlus Interactive Corp. saw a pullback in first quarter profits as changes in e-wallet access reshaped the online gaming landscape while rising costs weighed on demand in an otherwise resilient sector.
Net income during the first three months of 2026 slumped 33 percent to P2.8 billion, while revenues declined 25 percent to P17.2 billion, DigiPlus said in a statement on Tuesday.
“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,” DigiPlus chair Eusebio H. Tanco said.
“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,” he added.
Consumer sentiment takes a hit
The digital entertainment company behind BingoPlus, ArenaPlus and GameZone said earnings before interest, taxes, depreciation and amortization, or EBITDA, shed 42 percent to P2.6 billion.
Apart from the e-wallet delinking, the company said tempered consumer sentiment from the ongoing global fuel crisis led to weaker player activity.
“The decline was primarily attributed to the delinking of e-wallet in-app access to licensed online gaming platforms combined with tempered consumer sentiment from the ongoing global fuel crisis,” DigiPlus said.
Quarter check
Revenue was nearly flat from P17.3 billion in the fourth quarter of 2025, while net income rose 15 percent quarter-on-quarter, supported by derivative gains from its investment in convertible bonds issued by International Entertainment Corp., the operator of the New Coast Hotel Manila.
EBITDA, however, declined 15 percent due to higher non-recurring manpower-related expenses.
DigiPlus paid P5.4 billion in taxes and regulatory fees during the quarter. Cash and cash equivalents stood at P20.5 billion, while total debt remained low at P745.8 million.
—Edited by Miguel R. Camus
