Philippine gaming technology provider PhilWeb Corporation has reported a 92.7% increase in revenue to PHP1.03bn for the nine months ended September 30, 2026, supported by the expansion of its digital solutions business.
Revenue increased from PHP533.8m in the corresponding period last year, driven primarily by technology services, systems integration, content distribution and operational support provided to licensed gaming operators.
The company returned to profitability, recording net income of PHP125.2m compared with a net loss of PHP61m a year earlier.
Operating income reached PHP129.4m, reversing a PHP46.4m operating loss, while EBITDA increased to PHP143.4m from PHP4.3m.
Despite higher earnings, costs and expenses rose 55% to PHP899m, reflecting investments in business expansion and digital solutions operations.
PhilWeb's net profit margin improved to 12.2%, compared with a negative 11.4% in the previous year.
For the third quarter alone, revenue reached PHP443m, compared with PHP175.2m a year earlier. The company recorded quarterly net income of PHP64.2m, reversing a PHP19.2m loss.
Philweb Q3 Revenue (PHP)
Digital expansion and strategic partnerships
PhilWeb's digital solutions business has become a major growth driver, providing gaming platform technology, content aggregation, systems integration and operational support to licensed operators.
During 2026, the company secured accreditation from the Philippine Amusement and Gaming Corporation (PAGCOR) as a gaming affiliate and gaming software provider.
It also entered several strategic agreements to expand its regulated online gaming operations.
These included partnerships with Hann Casino Resort, Tiger Resort Leisure and Entertainment, the operator of Okada Manila and Travellers International Hotel Group, which operates Newport World Resorts.
PhilWeb additionally signed exclusive gaming services agreements with Pragmatic Play and Games Global, covering gaming content and business-to-business services for licensed operators in the Philippines.
Alongside its digital expansion, the company reported 132 operating gaming locations nationwide, including 18 electronic bingo sites operated through its Easy e-Bingo subsidiary.
Its financial position also strengthened during the period, with total assets reaching PHP2.63bn and shareholders' equity increasing to PHP1.90bn.
Cash and cash equivalents stood at PHP2.22bn as of September 30, following capital-raising activities.
The company said its improved financial performance reflected the execution of its growth strategy, with digital solutions continuing to support its expansion in the regulated Philippine gaming market.
PhilWeb completed a PHP342.8m treasury share sale in September to support its expansion plans
