PhilWeb 1Q26 revenue jumps 30.4% on eGaming growth, returns to profit

Philippines-listed gaming technology provider PhilWeb Corp reported a sharp year-on-year increase in revenue for the first quarter of 2026, driven by its eGaming services segment and supported by new regulatory accreditation and partnerships.

Revenue for the three months ended March 31 reached nearly PHP233.1 million ($3.9 million), up 30.4 percent from a year earlier, according to its quarterly filing. The growth helped the company return to profitability, posting net income of PHP13.9 million ($230,000), compared with a net loss of PHP25.5 million ($430,000) in the same period last year.

The company said revenue expansion was primarily supported by its e-Gaming Solutions business, which provides technology and operational services to licensed gaming operators.

Operating performance also improved. EBITDA reached PHP23.5 million ($390,000), reversing from negative PHP3.0 million ($0.05 million) a year earlier. Costs and expenses rose to PHP215.1 million ($3.6 million) from PHP176.9 million ($3 million), driven by ongoing business expansion, but were offset by stronger top-line growth.

PhilWeb highlighted that during the quarter it secured accreditation from the Philippine Amusement and Gaming Corp (PAGCOR) as a gaming affiliate and support service provider. The filing stated: ‘This accreditation enables the company to deliver technology and operational services to licensed gaming operators within PAGCOR’s regulated ecosystem.’

The company has recently expanded its partnerships, working with integrated resort operators such as Newport World Resorts and Okada Manila in Metro Manila, as well as Hann Resorts in Clark, and gaming equipment provider FBM Philippines. It also supplies electronic gaming systems to PAGCOR-accredited venues and operates within the electronic bingo segment.

The company also formed strategic partnerships with several casinos for the operation and management of regulated online gaming platforms. ‘Under these agreements, the group provides end-to-end operational and technology services, including systems integration and regulatory-compliant support,’ it said.

PhilWeb noted that its platform allows licensed operators to access a range of digital gaming content and infrastructure, reinforcing its role within the regulated gaming value chain.

The company said it will focus on expanding partnerships, enhancing platform capabilities, and leveraging its PAGCOR accreditation to grow within the regulated gaming market.