Gross gaming revenue was up 173 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- The gaming technology firm DFNN Inc <\/strong>has shared its financial results for the first three quarters of the year. It’s reported that gross gaming revenue (GGR) was up 173 per cent year-on-year from PHP355.6m to PHP970.6m (US$16.97m). <\/p>\n\n\n\n Revenue from interactive operations<\/strong> grew by 203.8 per cent to PHP888.9m. Revenue from software solution development and maintenance was PHP68.7m, up 31.4 per cent and sales of software and application licences amounted to PHP13m, up 21.2 per cent year-on-year mainly due to higher foreign licensing revenue.<\/p>\n\n\n\n EBITDA saw record growth to PHP258.8m<\/strong>, recovering from a loss of PHP65.2m (US$1.14m) in the same period of 2021. Net income was up 216.2 per cent <\/strong>at PHP140.4m (US$2.46 m). Consolidated costs and expenses were PHP733.8m, an increase of 66.5 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":" Gross gaming revenue was up 173 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":13004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"DFNN Inc, a gaming technology firm, reported substantial financial growth for the first three quarters, with Gross Gaming Revenue (GGR) up 173% year-on-year to PHP970.6m. Interactive operations revenue surged by 203.8%, and the company achieved a record EBITDA of PHP258.8m, recovering from a prior-year loss.","focusai_entities":"DFNN Inc","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.8), investor_analyst (0.98), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Growth Drivers?","query":"What specific gaming verticals or interactive operations are the primary drivers behind DFNN Inc.'s 173% year-on-year GGR growth in the Philippines?"},{"label":"Foreign Licensing Strategy?","query":"How does the increase in foreign licensing revenue align with DFNN Inc.'s broader international market expansion strategy and B2B licensing initiatives?"}],"footnotes":""},"categories":[157,16333],"tags":[],"class_list":["post-35450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=35450"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35450\/revisions"}],"predecessor-version":[{"id":35468,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35450\/revisions\/35468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13004"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}