DigiPlus logs P8.75 billion net income in first 9 months

DigiPlus Interactive Corp. (DigiPlus) posted a net income of P8.75 billion in the first nine months of 2024, up 314% year-on-year, driven by strong growth of the retail games segment, introduction of new product offerings, and cost efficiencies.

Revenues jumped 223% to P51.56 billion from P15.98 billion, while the third quarter net income was P3.52 billion, expanding 247% from a year ago.

DigiPlus, the company behind the pioneering digital entertainment platforms BingoPlus, ArenaPlus, and GameZone, said that it launched over the past year ''diversified offerings that cater to a broader spectrum of demographics, driving higher user engagement, attracting new customer segments, and contributing to substantial revenue growth.''

“As DigiPlus increasingly reaches steady-state growth coming from exponential expansion since our digital pivot in 2022, we intend to cement our market leadership through focused research and development efforts to strategically develop culturally relevant games that resonate with Filipino audiences,” DigiPlus chairman Eusebio Tanco said.

DigiPlus increased the size of its Local Development Team by more than 200 percent in the last 12 months, with plans to double that growth by the end of the year.

It also launched the DigiPlus Technology Bootcamp, which is an intensive five-month program designed to equip aspiring tech professionals with the technical mastery, hands-on experience, and mentorship needed to excel in the fast-evolving digital landscape. —VBL, GMA Integrated News