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Friday, March 29, 2024

DFNN generates P6b in mobile gaming

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Information technology solutions provider DFNN Inc. said Tuesday mobile gaming platform InPlay.ph generated P6 billion in revenues in the first three quarters.

DFNN said in a disclosure to the stock exchange InPlay.ph managed to capture a respectable share of online gaming market since its launching in November 2020 as consumers turned to internet for various entertainment activities.

The company said that in the third quarter, gross bets increased 64.56 percent to P1.43 billion from the second-quarter gross bets of P869 million.

Third-quarter gross gaming revenue posted an increase of 60.84 percent to P64.3 million from the previous quarter’s GGR of P40 million. Consolidated GGR in the three quarters reached P269.3 million.

“InPlay.ph’s revenue has consistently shown an upward trajectory since its launch. It is projected that InPlay.ph’s performance will surpass that of the traditional gaming outlets which has suffered due to the lockdowns imposed because of the pandemic,” DFNN said.

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