DigiPlus Interactive Corp. Announces Cash Dividends to Stockholders as its Net Income Surges to About 6x in 2023, Reaching PHP 4.1B

DigiPlus Interactive Corp. (DigiPlus), the country's fastest-growing digital entertainment business, released its financial results for the fourth quarter and full year ended December 31, 2023, based on unaudited financial statements.

DigiPlus Interactive Corp. (DigiPlus) generated a net income of P4.1 billion in 2023, up 596% from the previous year. The good performance was driven by the continued expansion of its digital retail division, which was aided by the introduction of new platforms and cost-cutting measures as the firm expanded.
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Revenues increased 306% to P27.3 billion in 2023, owing to increased user traffic on its core bingo platform, BingoPlus, and sportsbook, ArenaPlus, which was boosted by the addition of new digital offerings. In contrast, EBITDA increased nearly fivefold from the previous year, reaching P4.8 billion.

DigiPlus' net income in the fourth quarter of 2023 was P2.0 billion, a 392% increase over the same time in 2022. The strong performance was boosted by the full-quarter impact of new digital products. DigiPlus debuted Color Game in September 2023, a livestreaming specialized game inspired by the traditional Filipino carnival game.

Revenue increased 331% to P11.3 billion, while EBITDA increased 460% to P2.3 billion compared to the same time in 2022.

DigiPlus continues to invest in new technologies and product development with the goal of establishing a digital entertainment ecosystem that will enable Filipinos to access novel product formats at any time and from any location. DigiPlus launched new products to cater to broader demographics and lifestyle preferences, including Color Game, which mirrors traditional Filipino carnival games; BingoPlus Poker, which captures the thrill and fun of popular card games in the digital space; and TongitsPlus, a newly launched social game that offers popular card games without the need to wager real money.

“We are pleased to see the sustained growth momentum across our digital offerings as we aim to usher a new era of entertainment in the space. We continue to be optimistic about the prospects for the company as we invest in new technologies and product development to deliver innovative, fun, affordable and accessible digital offerings that are traditionally well-loved by Filipinos”, DigiPlus President Andy Tsui said.
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On March 19, 2024, DigiPlus' Board of Directors approved a cash dividend of P0.18 per outstanding common share for all investors. Cash dividends will be paid on April 18, 2024, to stockholders with records as of April 4, 2024. The cash dividend was declared out of the company's unaudited, unrestricted retained earnings as of December 31, 2023.