Digital entertainment company DigiPlus Interactive Corp. has doubled its user base in 2024, reaching 40 million registered users by the end of the year, according to Chairman Eusebio Tanco.
Tanco remains optimistic about further expansion, especially now that the company has been granted a federal gaming license in Brazil, enabling it to operate land-based and online sports betting, electronic games, live game studios, and other fixed-odds betting activities.
The Chairman noted that while growth will continue, it may not occur at the same rapid pace as seen so far.
DigiPlus registered a net income of PHP5.2 billion ($90.8 million) for the first half of 2024, a 377 percent increase from PHP1.1 billion ($19.2 million) in the same period the previous year.
Revenues surged 263 percent to PHP32.5 billion ($567.7 million), while EBITDA reached PHP5.5 billion ($96.1 million), a 336 percent increase from the previous year.
It is also worthy to note that he Philippine Amusement and Gaming Corp. (PAGCOR), the country’s gaming regulator, has recently reduced the fee paid by electronic games (e-Games) operators to 30 percent of gross gaming revenue (GGR), a move that may further boost the company’s financial performance.