DigiPlus posts 600% net income growth for 2023

DigiPlus Interactive Corp (formerly Leisure and Resorts World Corp) in the Philippines witnessed a remarkable surge in its financial performance, reporting a net income of PHP 4.1 billion in 2023. This marked an extraordinary 596 percent rise from the previous year.

The company’s fortunes took a turn in 2022, recording a modest net income of PHP 686.8 million, which was a stark contrast to the significant net loss of PHP 894 million suffered during the pandemic-ridden 2021.

DigiPlus, primarily known for its onsite bingo operations, its BingoPlus platform, and various e-games, contributes more than 90 percent to its total revenue.

The surge in earnings in 2023 was attributed to the heightened engagement of millions of Filipinos in bingo, both physically and online, as stated by the company.

Revenues soared 306 percent to PHP27.3 billion in 2023 on higher user traffic in its flagship bingo platform BingoPlus and sportsbook ArenaPlus, lifted by the contribution of new digital offerings

AB Leisure Exponent Incorporated, a subsidiary of DigiPlus, is recognized for spearheading bingo gaming in the Philippines. The launch of BingoPlus (bingoplus.com) in January 2022 marked its four-year anniversary, with 20 million registered users.

DigiPlus claims a dominant position in the digital bingo market, capturing a 31 percent share, while also operating over 140 physical bingo sites nationwide. The company’s stock price surged by 232 percent in 2023, making it the top-performing stock on the Philippine Stock Exchange (PSE).

BingoPlus stands out as the Philippines’ leading live streaming bingo platform, exclusively licensed by the state-owned Philippine Amusement and Gaming Corporation (PAGCOR). Bingo has always been a longtime favorite game in the Philippines and venturing into an online gaming platform made its accessibility even easier and it definitely shows with its growth in the recent years after the pandemic.

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