DigiPlus 3Q Net Income Slashes as Revenue Stalls

DigiPlus Interactive Corp. (DigiPlus) reported a marked decline in its third‐quarter profitability, with net income halved compared to the same period a year ago while revenues remained essentially flat.

First, the headline figure: DigiPlus’s net income for 3Q dropped significantly—roughly by 50% year-on-year—despite little or no top‐line growth. The headline from the industry tracker states “net income halved … as revenues flat”. 

Digging a little deeper: while earlier periods had shown strong growth (for example, full-year 2024 net income surged 207 % to ₱12.6 billion and revenues jumped 176 % year-on-year), the third quarter this time appears to reflect a pause in momentum. The flat revenues imply that cost pressures or other drag factors (rather than drop in sales) are the primary culprit of the profit slump.

Moreover, this result comes in the context of a company that, just months earlier, had posted strong half-year gains (net income up 61 % in H1 2025) and was riding high on its digital gaming platforms. The contrast between the earlier growth and now the flat third quarter raises questions about sustainability of that growth, emerging headwinds (regulatory, competitive or market-saturation), or one-off items hurting 3Q dynamics.

Finally, the implications: for investors and stakeholders, flat revenue combined with a halving of net income is a red flag calling for scrutiny of margin erosion, cost structure, regulatory changes or competitive shifts. For DigiPlus, the urgent task is to identify what caused the squeeze in 3Q and how it will respond to restore earnings growth.