DigiPlus reported net income of PHP 2.8bn for the first quarter of 2026, representing a 33% decline from a year earlier, as softer user activity weighed on results following the delinking of e-wallet access to licensed online gaming platforms.
Total revenue for the quarter dropped 25% year over year to PHP 17.2bn, while EBITDA fell 42% to PHP 2.6bn. On a quarter-over-quarter basis, revenue was largely stable compared with PHP 17.3bn in the fourth quarter of 2025. Net income rose 15% sequentially, supported by derivative gains linked to the company’s investment in convertible bonds issued by International Entertainment Corporation. EBITDA declined 15% quarter over quarter due to higher non-recurring manpower-related expenses.
“Our first quarter performance reflects the softness following the delinking of licensed gaming platforms from e-wallet access points, which has affected user activity and transaction flows,” DigiPlus Chairman Eusebio H. Tanco said. “Nonetheless, our fundamentals remain intact, and we remain confident in the long-term growth trajectory of the business as we adapt our payments ecosystem, strengthen player engagement, and continue to lead with responsible, innovative digital entertainment,” he added.
DigiPlus paid PHP 5.4bn in taxes and regulatory fees during the quarter. Its balance sheet remained solid, with operating cash flows replenishing its net cash position after the first tranche payment of approximately PHP 6.0bn for IEC convertible bonds. The debt-to-equity ratio stood at 0.02.
During the quarter, ArenaPlus secured a multi-year deal as the NBA’s first official betting partner in the Philippines, while DigiPlus also signed an exclusive partnership with Manny Pacquiao for co-branded games and integrated MannyPay services across its platforms.
Cash and cash equivalents stood at PHP 20.5bn at end-March, with minimal debt of PHP 745.8m
