DigiPlus Interactive Corp. announced on Tuesday that it will apply for a gaming license in New Zealand. This move follows the company’s earlier approval to operate in Brazil and South Africa, though no further details about the New Zealand expansion were provided.
For the second quarter, DigiPlus reported core net income of P2.35 billion, an 8 percent rise from the previous three months. The increase was driven by fair value gains from its investment in convertible notes issued by International Entertainment Corp.
Average monthly active users reached 5.75 million during the period, supported by steady growth across its digital gaming platforms. Monthly average bettors and depositors rose 26 percent quarter-on-quarter to 4.68 million. The company said this sharp increase shows the strength of its gaming products, effective user acquisition strategies, and high quality of service.
Gross gaming revenues fell 9 percent to P15.61 billion, a change DigiPlus attributed to heavy spending to bring in new users alongside challenging economic conditions. Net gaming revenue after tax held nearly steady at P5.52 billion, with an after-tax margin of 35 percent. The company noted its pre-tax margin is higher than most global competitors, thanks to better returns on advertising and promotions, plus lower tax costs linked to the International Entertainment Corp. deal.
Starting this quarter, DigiPlus will report net gaming revenue after tax as a key performance measure, aligning its reporting standards with other international gaming firms.
“As our business evolves, we believe the MAU base and the MABD growth reflects the market share of our platforms, our strength in product development, and the overall quality of our gaming-as-a-service strategy,” said DigiPlus president Ping Chen. “Our net gaming revenue after tax is the key metric we use to assess the performance of our operations as it captures not just the growth and scale of our user base, but also measures the efficiency and the return on capital spend.”
