DigiPlus earnings surge last year

Richmond Mercurio – The Philippine Star March 21, 2024 | 12:00am MANILA, Philippines —  Digital entertainment group DigiPlus Interactive Corp. reported a sharp 596-percent increase in profit  to P4.1 billion in 2023 on the back of sustained growth of its digital retail segment following the introduction of new platforms. Boosted by higher user traffic in […]

T Kauer T Kauer
Mar 21, 2024 - 04:05
DigiPlus earnings surge last year

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Richmond Mercurio – The Philippine Star

March 21, 2024 | 12:00am

MANILA, Philippines —  Digital entertainment group DigiPlus Interactive Corp. reported a sharp 596-percent increase in profit  to P4.1 billion in 2023 on the back of sustained growth of its digital retail segment following the introduction of new platforms.

Boosted by higher user traffic in its flagship bingo platform BingoPlus and sportsbook ArenaPlus, Digiplus recorded a 306 percent year-on-year jump in revenues to P27.3 billion.

In the fourth quarter alone, DigiPlus registered a net income of P2 billion, up 392 percent year-on-year, driven by the full quarter impact of the introduction of new digital offerings.

“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,” DigiPlus president Andy Tsui said.

With the aim of establishing a digital entertainment ecosystem, DigiPlus continues to invest in new technologies and product development to unlock innovative product formats for Filipinos.

DigiPlus has launched new products such as the Color Game, BingoPlus Poker and TongitsPlus to cater to broader demographics and lifestyle preferences.

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