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DigiPlus Interactive Corp. Reported P8.75 Billion in Net Income for 9M24, Up 314%

11/5/2024

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DigiPlus Interactive Corp. Reported P8.75 Billion in Net Income for 9M24, Up 314%
DigiPlus Interactive Corp. (DigiPlus), the company behind the pioneering digital entertainment platforms BingoPlus, ArenaPlus and GameZone, registered a net income of P8.75 billion in the first nine months of the year, surging 314% from a year ago.
The strong performance was driven by the robust growth of the retail games segment, introduction of new product offerings, and cost efficiencies. Over the past year, DigiPlus launched diversified offerings that cater to a broader spectrum of demographics, driving higher user engagement, attracting new customer segments, and contributing to substantial revenue growth.

Revenues soared 223 percent to P51.56 billion from P15.98 billion. EBITDA, on the other hand, reached P9.34 billion, jumping 271% from P2.52 billion in the previous year.

In the third quarter, DigiPlus posted a net income of P3.52 billion, expanding 247% from a year ago. Revenues jumped 171% from its year-ago level to P19 billion on higher user traffic combined with fresh contribution from new game offerings. Meanwhile, EBITDA surged 206% year-on-year to P3.83 billion in the third quarter.

“As DigiPlus increasingly reaches steady-state growth coming from exponential expansion since our digital pivot in 2022, we intend to cement our market leadership through focused research and development efforts to strategically develop culturally relevant games that resonate with Filipino audiences,” DigiPlus Chairman Eusebio Tanco said.

Pinoy Drop Ball and Super Ace Jackpot poised to fuel DigiPlus revenue growth

BingoPlus unveiled Pinoy Drop Ball, an innovative digital game rooted deeply in Filipino culture, designed to bring the thrill of local carnival traditions to the modern age. Officially launched in September, Pinoy Drop Ball is the first live-streamed drop ball experience in the Philippines, setting a new benchmark in digital perya entertainment. This homegrown creation is a product of extensive research and development (R&D), reflecting DigiPlus’ commitment to capturing the true essence of Filipino festivities. Every detail of Pinoy Drop Ball is crafted to revive the joyful atmosphere of town fiestas, merging authenticity with convenience in a mobile-friendly and accessible format. It is a vibrant testament to DigiPlus’ dedication to keeping Filipino culture alive and evolving, proving that tradition and technology can seamlessly unite to deliver an unparalleled gaming experience.

Aside from Pinoy Drop Ball, DigiPlus also introduced a new product that set a new standard in electronic gaming – Super Ace Jackpot. This exclusive title takes the Philippines’ favorite slot experience to unprecedented heights by offering players a massive P200 million in jackpots, and individual wins reaching up to P30 million. Super Ace Jackpot combines exhilarating card-based mechanics, a unique multiplier system, and four jackpot levels to create extra excitement.

Pinoy Drop Ball and Super Ace Jackpot are quickly rising as fan favorite and expected to drive significant revenue growth for DigiPlus in the coming months, as they capture the thrill and loyalty of Filipino players. With 24/7 mobile access, PAGCOR licensing, and international gaming laboratory certifications, DigiPlus is redefining Filipino entertainment with these latest product offerings, delivering thrilling and fair gaming right in the palm of players’ hands.

DigiPlus accelerates innovation with R&D expansion and launch of Technology Bootcamp 

DigiPlus is strengthening its position in the digital entertainment landscape with the strategic expansion of its R&D team and the launch of the ‘DigiPlus Technology Bootcamp’ to foster Filipino tech talents. Over the past year, DigiPlus expanded its Local Development Team by over 200 percent, with plans to double that growth by yearend. The DigiPlus Technology Bootcamp is an intensive five-month program designed to equip aspiring tech professionals with the technical mastery, hands-on experience, and mentorship needed to excel in the fast-evolving digital landscape. These initiatives highlight DigiPlus’ commitment to next-gen digital experiences, combining advanced technology with rigorous research to develop products tailored specifically to Filipino audiences.

BingoPlus Foundation commits P109 million to uplift communities, expands reach with PLUS Centers, disaster relief, health, and education initiatives 

In the first nine months of the year, the BingoPlus Foundation pledged over P109 million to uplift communities, multiply the good, and make a lasting impact. Notably, included in this commitment is the Foundation’s P35 million pledge to support the families of Typhoon Kristine casualties.

In a series of initiatives in the third quarter, the Foundation provided support to over 108,000 individuals nationwide, with projects addressing education, healthcare, livelihood, and disaster resilience. During BingoPlus Day at the recent MassKara Festival, a ₱3 million donation package was announced for Negros Occidental, including grants to the Valladolid District Hospital for accessible healthcare, robotics kits for students in Cadiz, and educational tools for the Karolano indigenous youth. Other major programs include the establishment of PLUS Centers in Cebu for digital and physical rehabilitation, benefiting PWDs; and Project Clean Water, which provided water filtration systems for 15,000 residents. In Luzon, the Foundation supported over 75,800 people with Typhoon Carina relief. In General Santos, the KalusuganPLUS and KabuhayanPLUS programs provided sanitation facilities for 3,000 residents.

The BingoPlus Foundation also launched its P.L.U.S. (Pioneering Leadership and Uplifting Service) Factor Program – an initiative designed to transform the lives of scholars from across the Philippines. The program is a comprehensive four-year journey that empowers scholars with essential leadership skills, resilience, and a commitment to service, equipping them to be the next generation of changemakers. The official launch of P.L.U.S. Factor in September brought together all 60 scholars from different parts of the Philippines, some traveling from as far as Camarines Sur, Cebu, Davao, and other cities in Luzon, Visayas and Mindanao.

DigiPlus Interactive Corp. pioneered digital entertainment in the Philippines. It introduced leading platforms BingoPlus and ArenaPlus, widely known for their engaging experiences in interactive gaming and sports entertainment. DigiPlus also operates PeryaGame, Tongits+, and GameZone, with more to come.
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