PhilWeb records 152.9% Q3 revenue growth on digital expansion
Digital solutions accounted for nearly two-thirds of quarterly revenue, while income from venue-based operations declined compared with 2025.
Key takeaways
- PhilWeb recorded PHP64.2m (US$1.0m) in third-quarter net income. Quarterly revenue increased 152.9 per cent to PHP443.0m (US$6.9m).
- Technology services generated PHP281.3m (US$4.4m), accounting for 63.5 per cent of revenue.
- Nine-month net income reached PHP125.2m (US$1.95m), against a loss of PHP61.0m (US$950,156) in 2025.
- Cash and cash equivalents increased to PHP2.22bn (US$34.6m) as of September 30, 2026.
The Philippines.- PhilWeb Corporation returned to profitability in the third quarter of 2026, reporting net income of PHP64.2m (US$1m), compared with a net loss of PHP19.2m (US$299,065) in the same period last year. Revenue for the three months ended September 30 reached PHP443.0m (US$6.9m), a 152.9 per cent increase from PHP175.2m (US$2.7m) in the third quarter of 2025.
PhilWeb’s digital solutions business contributed PHP281.3m (US$4.4m) during the period, accounting for 63.5 per cent of its quarterly revenue. The segment recorded no revenue in the corresponding period last year. On a sequential basis, its contribution rose by 40.5 per cent from PHP200.3m (US$3.1m) in the second quarter of 2026.
Meanwhile, revenue from PhilWeb’s venue-based operations declined 7.7 per cent year-on-year to PHP161.6m (US$2.5m), comprising PHP82.1m (US$1.3m) in service provider share income and PHP79.5m (US$1.2m) in operator share income.
PhilWeb’s costs and expenses nearly doubled year-on-year to PHP378.9m (US$5.9m) in the third quarter, with operating and administrative expenses accounting for PHP374.5m (US$5.8m). The company recorded an operating profit of PHP64.1m (US$1.0m), compared to an operating loss of PHP14.5m (US$225,857) in the same period last year.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to PHP68.4m (US$1.1m) from PHP2.0m (US$31,153) a year earlier and up 36.5 per cent from PHP47.0m (US$732,087) from Q2.
For the first nine months of 2026, PhilWeb generated PHP1.03bn (US$16.0m) in revenue, a 92.7 per cent increase from PHP533.8m (US$8.3m) in the corresponding period of 2025. The company recorded net income of PHP125.2m (US$1.9m), compared to a net loss of PHP61.0m (US$950,156) in the previous year.
Operating income reached PHP129.4m (US$2.0m), compared with an operating loss of PHP46.4m (US$722,741) in the first nine months of 2025. EBITDA increased from PHP4.3m (US$66,978) to to PHP143.4m (US$2.2m)
Frequently asked questions (FAQs)
- How much revenue did PhilWeb generate in the third quarter of 2026? PhilWeb reported PHP443.0m (US$6.9m) in revenue for the three months ended September 30, 2026, representing a 152.9 per cent year-on-year increase.
- What contributed to PhilWeb’s third-quarter revenue growth? Its technology services business was the largest contributor, generating PHP281.3m (US$4.4m), while venue-based operations accounted for PHP161.6m (US$2.5m).
- How much did PhilWeb earn in the first nine months of 2026? The company recorded net income of PHP125.2m (US$1.95m) for the January-to-September period, compared with a net loss of PHP61.0m (US$950,156) in the same period of 2025.
- What was PhilWeb’s cash position at the end of September 2026? PhilWeb held PHP2.22bn (US$34.6m) in cash and cash equivalents as of September 30, 2026, compared with PHP63.3m (US$986,916) at the end of December 2025.
