By The Weekly Edge desk ·
GGRAsia reported that DigiPlus’s second-quarter revenue fell 36.8% year on year to nearly PHP15.61bn. The company attributed the decline mainly to weaker retail gaming revenue alongside reduced customer acquisition, engagement and transaction activity.
The results show lower activity across DigiPlus’s digital platforms contributing to revenue pressure.
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Teneo will advise DigiPlus on overseas opportunities and risks as it considers New Zealand entry.
DigiPlus’s appointment of Teneo gives investors a concrete step supporting the company’s global growth ambitions.
DigiPlus appointed Teneo as strategic adviser while considering further overseas expansion and holding South African and Brazilian licences.
DigiPlus expects no material group impact from Brazil's prohibition despite resuming Brazilian operations less than three months earlier.
DigiPlus is monitoring Brazilian developments linked by the report to a presidential online gambling ban.
The agreement gives the licensed operator a 3% revenue share, while its technology partner receives 97%, subject to deductions.