The Philippines
DigiPlus 4Q25 revenue drops 27% yearly amid “challenging industry landscape”
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The Philippines’ leading online gaming operator, DigiPlus Interactive Corp., reported a sharp decline in 4Q25 revenue, down 27 percent year-on-year, as regulatory changes affecting e-wallet access weighed on online gaming activity.
According to the company’s financial results submitted to the Philippine Stock Exchange on Tuesday, DigiPlus posted 4Q25 revenue of PHP17.3 billion ($289.3 million), down from PHP23.7 billion ($369.3 million) in the same period a year earlier. Net income for the quarter declined to PHP2.5 billion ($41.8 million), down 36 percent year-on-year, while EBITDA fell 32 percent to PHP3.1 billion ($51.84 million).
 
The company attributed the decline largely to regulatory adjustments implemented during 3Q25 that required the delinking of e-wallet in-app access to licensed online gaming platforms, which temporarily moderated user activity across its digital products.
 
Despite the year-on-year slump, DigiPlus said 4Q25 performance improved from the previous quarter. Net income rose 43 percent from PHP1.7 billion ($28.43 million) in 3Q25, while EBITDA increased 52 percent from PHP2 billion ($33.44 million), amongst improved cost management and operational adjustments following the regulatory transition.
 
Full-year earnings remain resilient
 
For the full year, DigiPlus reported net income of PHP12.6 billion ($210.7 million), broadly flat compared with 2024. Total revenue increased 12 percent year-on-year to PHP84.2 billion ($1.4 billion), supported by strong performance in the first half of the year before the regulatory changes took effect.
 
EBITDA for the year reached PHP14.2 billion ($237.4 million), a 2 percent increase from PHP13.9 billion ($232.4 million) in 2024.
 
DigiPlus Chairman Eusebio Tanco said the company remained resilient despite evolving regulatory and competitive conditions.
 
“Despite a challenging and evolving industry landscape, DigiPlus delivered a resilient performance in 2025, reflecting the strength of our platforms, disciplined execution, and the trust of our users,” Tanco said in the earnings release. “As we look ahead, we remain optimistic about our growth trajectory and are confident in our ability to continue innovating responsibly while creating long-term value.”
 
Dividend payout maintained
 
The company also announced a dividend payout for the third consecutive year.
 
DigiPlus’ board approved a cash dividend totaling PHP3.8 billion ($63.5 million), equivalent to 30 percent of the company’s full-year net income. Shareholders will receive PHP0.83 ($0.015) per outstanding common share, with payment scheduled on or before April 15th, 2026, to investors on record as of April 1st.
 
DigiPlus ended the year with PHP23.4 billion ($391.27 million) in cash and cash equivalents, while debt remained relatively low at PHP745.8 million ($12.47 million).
 
Expansion into land-based gaming
 
Alongside its digital gaming operations, DigiPlus is also pursuing expansion into land-based gaming through its subscription to convertible notes issued by International Entertainment Corp.
 
The investment gives DigiPlus the option to acquire a 53.89 percent stake in the Hong Kong-listed firm, which owns and operates the New Coast Hotel Manila integrated resort complex in Manila.
 
The move provides DigiPlus with a strategic land-based platform designed to complement its digital ecosystem and enhance customer engagement across both online and offline channels.
 
Since November last year, DigiPlus has been operating the online gaming platform of New Coast Hotel Manila.
 
Dingnews.com 18/03/2026

 
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