DigiPlus profit up 110% to P4.2 billion in Q1

DigiPlus Interactive Corp. reported a 110% increase in its first-quarter net income to P4.2 billion, driven by the strong performance of its flagship platforms and new game offerings.

The company's revenues surged by 69% to P23.06 billion, with earnings before interest, taxes, depreciation, and amortization (EBITDA) climbing 118% to P4.59 billion.

This performance was boosted by operational efficiencies, increased reinvestment in marketing and product innovation, and a rationalization of the Philippine Amusement and Gaming Corp. share rate on e-games.

DigiPlus contributed P8.8 billion in taxes and regulatory fees, marking a 28% increase from the previous year.

The company, which boasts over 40 million registered users, expects to begin its Brazil operations in the fourth quarter and has started hiring efforts for this expansion.

DigiPlus also established its Singapore hub, DigiPlus Global Pte. Ltd., to pursue broader growth opportunities and global expansion.