Philippines-listed licensed online gaming operator DigiPlus Interactive Corp reported third quarter net income of PHP1.71 billion (US$29.0 million), down 51.4 percent from a year earlier.
Total revenues for the three months to September 30 stood at PHP19.05 billion, flat from the prior-year period, according to a Thursday filing to the Philippine Stock Exchange.
DigiPlus stated that its third-quarter earnings before interest, taxation, depreciation, and amortisation (EBITDA) stood at nearly PHP2.04 billion, down 46.7 percent from a year ago.
The company said its third-quarter lacklustre performance was due to the “impact of tighter regulation” for the country’s online gaming industry, “which required e-wallet providers to delink in-app access to licensed online gaming platforms”.
In August, amid higher scrutiny of the gaming sector, the Philippines’ central bank ordered the delinking of online gambling platforms from electronic wallets (e-wallets).
“This temporarily disrupted player activity and transaction volumes across the industry” during the reporting period, stated DigiPlus on Thursday.
“On a quarter-on-quarter basis, DigiPlus paid PHP7.17 billion in government taxes and regulatory fees, down 26 percent due to the impact of the e-wallet delinking directive,” it added.
The company also said it “took proactive measures to enhance player protection and customer service”.
That included the launch in mid-September of a surety bond programme for online gaming players, as well as expanding “over-the-counter (OTC) or physical payment options” for players via a partnership with bills payment service provider Bayad.
In the Philippines, DigiPlus runs BingoPlus, described as the country’s first government-approved online bingo platform. It also operates ArenaPlus, a sportsbook, and GameZone, a platform for casual and arcade gaming. One of the group’s other units operates casino slot arcades in the country.
In Thursday’s announcement, DigiPlus said that “despite the temporary moderation in third-quarter earnings,” the company “maintained overall growth momentum” in the first nine months of 2025.
The firm posted net income of PHP10.11 billion for the nine months to September 30, 15.6-percent higher than in the prior-year period. Revenues for the January to September period rose 29.6 percent year-on-year, to nearly PHP66.83 billion.
DigiPlus said its performance in the first nine months of 2025 “reflected continued growth in its retail games segment as well as contributions from new product offerings and operational efficiencies”.
Eusebio Tanco, DigiPlus’ chairman, said in prepared remarks: “This period demonstrates DigiPlus’ resilience amid temporary setbacks. Throughout this period, we continued to focus on digital innovation, player protection, and good governance.
He added: “As we grow our business and expand responsibly into new markets, we remain focused on upholding global corporate governance and responsible gaming standards, while creating positive impact on the Filipino nation.”
DigiPlus paused in mid-October the operations of its gaming platform in Brazil, less than one month after it launched them.
“Management will continue to monitor developments in the Brazilian market and will reassess potential re-entry once conditions are deemed favourable,” stated the company in Thursday’s filing.
In late September, the firm said it had “formally filed” three online-related licence applications with the Western Cape Gambling and Racing Board in South Africa.
Maybank Securities Inc said in a recent memo that DigiPlus could see an 18-percent compound annual growth rate in its EBITDA during the fiscal years 2025 to 2028.
Such growth would be “driven by top-line growth as we expect monthly active users and ARPU [average revenue per user] to recover; and EBITDA margin of 19.6 percent,” wrote Maybank analyst Raffy Mendoza.
