Bloomberry Resorts Corporation reported second-quarter net revenue of PHP14.1bn ($229.5m), up 11% year-on-year, as higher gaming hold rates and cost controls helped narrow its consolidated net loss.
The Philippine operator recorded EBITDA of PHP3.4bn, an increase of 35%, while its net loss declined to PHP345.3m from PHP1.4bn a year earlier. GGR rose 15% to PHP16.4bn, although Bloomberry said underlying VIP and premium mass demand remained soft.
The result marked an improvement from the first quarter, when gaming revenue declined and Bloomberry slipped to a quarterly loss. First-half GGR consequently remained unchanged at PHP31.1bn, while EBITDA fell 7% to PHP6.4bn and the operator recorded a PHP470.3m net loss.
Quarterly cash operating expenses increased 5% to PHP10.7bn, with higher taxes and licenses, employee costs and technology maintenance partly offset by savings in cost of sales. First-half cash operating expenses rose 3% to PHP20.8bn.
Performance also differed across Bloomberry's Manila properties. Solaire Resort Entertainment City generated PHP11.5bn in GGR, up 18%, helped by stronger hold rates despite declines in EGM coin-in and mass table drop. Solaire Resort Quezon City generated PHP4.9bn, a 9% increase, while mass table drop fell 23%.
The results follow a weaker start to 2026 for the Philippine gaming market. PAGCOR reported industry GGR of PHP87.6bn in the first quarter, down 15.9%, as land-based casino performance softened while electronic and online gaming continued to account for a growing share of sector revenue.
Bloomberry Q2 financial performance
Bloomberry Resorts Corporation's net revenue, EBITDA and net income/loss in Q2 2025 compared with Q2 2026, in PHP billions.
Bloomberry is expanding its exposure to that digital segment. FUNaloMax has now commercially launched on the operator's proprietary platform, with Solaire Online expected to migrate to the same system.
Bloomberry Chairman and CEO, Enrique Razon Jr., said: "We delivered GGR growth in the second-quarter, supported by stronger hold rates across our gaming operations. However, underlying demand in the VIP and premium mass segments remained soft."
In May, Bloomberry reported a first-quarter net loss of PHP125m as gaming revenue declined 13% and interest expense remained elevated, reversing a PHP3.31bn profit in the comparable period. The quarter also included a gain linked to the disposal of the Jeju Sun gaming license.
Jeju Sun generated positive EBITDA for the first time since Bloomberry acquired the property in 2015, following its exit from the casino business earlier this year
