DigiPlus Posts Q3 Loss as EBITDA Rises

DigiPlus Interactive Corp reported a net loss of PHP 947.58 million (US$14.9 million) for the third quarter of 2026. The company said EBITDA rose to about PHP 2.85 billion in the period and that its active user base continued to grow. In the same period last year, it had posted a net profit of PHP 1.71 billion.

A fall in the fair value of convertible notes held under a subscription agreement with International Entertainment Corp (IEC), which is listed on the Hong Kong stock exchange, played a major role in the loss. This item resulted in a loss of about PHP 4.52 billion. The agreement supports the LaVie Resort & Casino Manila project, with a total principal amount of HKD 1.6 billion (about US$203.9 million).

Third-quarter revenue fell 32.3 percent to about PHP 12.90 billion. The company attributed the decline to lower retail gaming revenue, which it linked to reduced customer acquisition, engagement and transaction volume on its digital gaming platforms. Analysts had earlier noted that a rise in fuel prices linked to Middle East tensions affected both land-based and online betting activity.

For the nine-month period, the company's net profit was PHP 8.9 billion and its EBITDA was PHP 8.3 billion. The EBITDA margin widened by four percentage points to 22 percent. The company attributes this improvement to tighter cost management and changes in advertising and promotional spending. In Brazil, a measure aimed at banning fixed-odds betting activities, covering sports betting and online games, was put forward on September 25. The measure is awaiting discussion in Congress and is the subject of a legal challenge at Brazil's Supreme Court. DigiPlus maintains that developments in Brazil have not significantly affected its reported financial performance.