DigiPlus Q1 earnings down 33% amid e-wallet delinking
DigiPlus Interactive Corp. reported a weaker start to 2026, as regulatory changes and softer consumer sentiment weighed on its core business.
The digital entertainment platform led by tycoon Eusebio Tanco on Tuesday reported a net income of P2.8 billion in the first quarter, down 33 percent from a year earlier.
Total revenues declined 25 percent to P17.2 billion, while earnings before interest, taxes, depreciation and amortization fell 42 percent to P2.6 billion, reflecting lower user activity and transaction volumes.
“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,” 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.
On a quarter-on-quarter basis, however, DigiPlus reported a 15-percent increase in net income, driven by derivative gains from its investment in the convertible bonds of International Entertainment Corporation.
Revenues were largely stable compared with the previous quarter, slipping slightly from P17.3 billion in the fourth quarter of 2025.
Despite the earnings drop, the company maintained a strong financial position, ending March with P20.5 billion in cash and cash equivalents and minimal debt of P745.8 million.
Its debt-to-equity ratio stood at only 0.02, underscoring a conservative capital structure even after investing around P6 billion in convertible bonds.
DigiPlus also paid P5.4 billion in taxes and regulatory fees during the quarter.
The company continued to expand its market presence through key partnerships, including a multi-year deal making ArenaPlus the National Basketball Association’s first official betting partner in the Philippines.
It also secured an exclusive partnership with boxing icon Manny Pacquiao, launching cobranded gaming titles and integrating MannyPay into its platforms to enhance transactions.
DigiPlus remains confident in its long-term growth as it adapts its payments ecosystem and strengthens user engagement.
The company added that its strong balance sheet and continued innovation position it to navigate near-term headwinds while sustaining expansion.
