PhilWeb posts PHP64.2m third-quarter profit as revenue jumps 152.9%

PhilWeb Corp reported a net profit of PHP64.2 million for the three months to 30 September 2026, reversing a year-earlier loss of PHP19.2 million as revenue climbed 152.9% year-on-year to PHP443.0 million. The Philippines-listed B2B supplier said the gain was led by its digital solutions business, which generated PHP281.3 million in the quarter.

Financials by the numbers

Revenue for Q3 rose 152.9 percent year-on-year to PHP443.0 million (US$6.9 million). Net income of PHP64.2 million improved 36.5% from the second quarter and contrasted with a loss of PHP19.2 million in the same period of 2025. Revenue was up 25.7% sequentially.

The group's digital solutions segment — its core business — produced PHP281.3 million in Q3, representing 63.5% of group revenue and rising 40.5% from the prior quarter; the company recorded no revenue under that heading in Q3 2025. PhilWeb describes the segment as providing online gaming platform technology, systems integration, content distribution and operational support to licensed operators. The digital business is presented as the company’s online-led B2B focus and is linked to its broader shift to a B2B model.See the company's B2B activity

Venue-based revenue fell 7.7% year-on-year to PHP161.6 million. Service provider share income was PHP82.1 million and operator share income was PHP79.5 million.

Group costs and expenses nearly doubled year-on-year to PHP378.9 million, with operating and administrative expenses at PHP374.5 million. Operating income reached about PHP64.1 million, reversing an operating loss of PHP14.5 million a year earlier. EBITDA rose to PHP68.4 million from PHP2.0 million and was up 32.8% sequentially.

Nine-month results, cash and transactions

For the nine months to 30 September, revenue increased 92.7% year-on-year to just under PHP1.03 billion. Net income for the period was PHP125.2 million, against a loss of PHP61.0 million a year earlier. Cash on hand stood at PHP2.22 billion at 30 September, up from PHP63.3 million at 31 December 2025; the company attributed the increase mainly to proceeds from share issuances and cash generated from operations.

PhilWeb announced mid-July boardroom and investment moves: entrepreneur Lance Gokongwei was elected to the board after making a PHP2.03 billion personal investment. After the reporting period, on 30 October PhilWeb sold its remaining treasury common shares to JKS Tech Solutions Inc as part of a cross-investment under which PhilWeb agreed to invest nearly PHP4.23 billion for a 30% stake in the gaming technology company.

"The group was shifting towards an online-led B2B model," PhilWeb president Brian Ng told GGRAsia in April, a strategic direction reflected in the quarter's results.