DigiPlus reports 110% net income increase, plans Brazil expansion
DigiPlus Interactive Corp., a TANCO-led digital entertainment provider, reported a 110% increase in first-quarter net income to PHP 4.2 billion.
Revenue for January to March climbed by 69% to PHP 23.06 billion, driven by the strong performance of its flagship platforms and new game offerings.
The company also saw earnings before interest, taxes, depreciation, and amortization (EBITDA) surge by 118% to PHP 4.59 billion.
DigiPlus attributed its success to operational efficiency improvements, increased marketing efforts, product innovation, and user experience enhancements.
In the first quarter, DigiPlus contributed PHP 8.8 billion in taxes and regulatory fees, a 28% increase from the previous year.
The company plans to expand into Brazil by the fourth quarter and has established DigiPlus Global Pte. Ltd. in Singapore for global growth opportunities.
With over 40 million registered users, DigiPlus aims to leverage its success in the Philippines to participate in the global digital entertainment industry.
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