DFNN revenue, EBITDA surge in 1Q22 on interactive business uptick

May 19, 2022 Philippines Earnings & Filings

Philippines-listed DFNN, a technology-provider and remote gaming platform provider posted a 81.3 percent increase in revenue for in 1Q22, driven mainly by robust income generated from its interactive technology platforms.

Revenue in the quarter rose to P283.7 million (US$5.4 million), with as much as P229.7 million contributed by the interactive technology platform.

In its quarterly report, DFNN said its expansion into the digital space through InPlay.ph interactive from November 2020 has been “well accepted by the market.”

“With approximately 500 games, providing full KYC, facial recognition, and confidentiality with 24/7 customer service, it has strengthened the legal domestic online gaming services to compete with the large illegal market taking away needed Government Revenue.”