PhilWeb Corporation swung to a net profit in the second quarter of 2026 as revenue nearly doubled, supported by the rapid expansion of its business-to-business digital gaming operations.
The Philippines-listed gaming technology provider recorded net income of PHP47.0 million ($769,000), reversing a PHP16.3 million ($266,000) loss in the same period last year.
Revenue rose 96 percent year-on-year to PHP352.4 million ($5.76 million), according to a filing with the Philippine Stock Exchange and a company release issued on Tuesday, August 11th.
Digital Gaming Solutions generated PHP200.3 million ($3.27 million) during the quarter, accounting for 57 percent of group revenue. The segment, which includes online gaming platform technology and game-content distribution, reported no revenue in the corresponding period of 2025.
The segment’s revenue also increased 152 percent from the first quarter, while group revenue rose 51 percent sequentially.
PhilWeb’s second-quarter EBITDA reached PHP51.5 million ($842,000), up 886 percent year-on-year. Its EBITDA margin improved to 15 percent from 10 percent in the previous quarter.
“The rapid sequential growth and margin expansion in the second quarter validate the massive operating leverage of our digital gaming solutions segment,” PhilWeb President Brian Ng said.
For the first six months of 2026, revenue increased 63.3 percent year-on-year to PHP585.4 million ($9.57 million). The company posted net income of PHP61.0 million ($997,000), reversing a PHP41.8 million ($683,000) loss in the same period of 2025.
First-half EBITDA increased to PHP75.0 million ($1.23 million) from PHP2.2 million ($36,000).
The turnaround was led by PHP279.6 million ($4.57 million) in Digital Gaming Solutions revenue. This more than offset weaker performance in PhilWeb’s venue-based business, where service-provider share income fell 15.1 percent and operator share income declined 14.3 percent.
Costs and expenses increased 33.2 percent to PHP520.1 million ($8.50 million), mainly due to investment supporting the company’s digital expansion.
PhilWeb secured accreditation from the Philippine Amusement and Gaming Corporation (PAGCOR) in March as a gaming affiliate and support-service provider, allowing it to supply technology and operational services to licensed operators.
During the first half, the company signed agreements covering HANN Casino Resort’s regulated online gaming platform, FBM Philippines’ online operations, Okada Manila’s OKADA PLAY platform and Newport World Resorts’ NWRPlay.
PhilWeb also entered the game-content aggregation and distribution business through initial deployments with NUSTAR Online and PT Gaming. It subsequently announced exclusive content partnerships with Pragmatic Play and Games Global in July.
The company said it plans to expand the use of artificial intelligence across its B2B infrastructure, with an initial focus on fraud detection, regulatory compliance and customer service.
