DigiPlus Interactive Corp., formerly Leisure & Resorts World Corp., saw a tremendous growth in revenue from P2.81 billion in 2021 to P8.91 billion in 2022.
The biggest revenue contributor was its retail games business, which amounted to 91.7 percent or P8.16 billion of the total revenue. This segment is composed of the traditional on-site bingo operation, remote BingoPlus platform operations and e-game services.
The retail business is expected to keep its profitable operations as it gains the favor of the social gamers, bingo-loving Filipinos. BingoPlus still continues to be the leading bingo operator in the country.
Net income in 2022 reached P686.8 million, from an operating loss of P894.6 million in 2021. The company achieved positive EBITDA of P1.007 billion in 2022, compared with EBITDA loss of P80 million in the prior year. The significant turnaround was due to the resumption of majority of its site operations and the launching of its own technology platform.
“What we accomplished in 2022 is remarkable. The Company re-aligned its new business strategy and returned to profitable operations. We believe that there is strong momentum in our future business growth and the outlook is positive” said DigiPlus Interactive Corp. president Andy Tsui.