Higher gaming platform use lifts DFNN earnings

Revenues of Philippine-listed game technology provider DFNN surged more than sixfold in the first nine months of the year on the back of a robust platform affiliates business segment.

In a disclosure to the Philippine Stock Exchange last week, DFNN reported that its revenues climbed by as much as 616 percent to PHP848.5 million (US$16.7 million) in January to September 2017 period from PHP118.5 million (US$2.3 million) reported in the same period last year.

From PHP800, 000 (US$15,738) in the first three quarters of 2016, DFNN said that its net income surged 15,062.5 percent to PHP121.3 million (US$2.39 million) in January to September 2017 period.

DFNN’s EBITDA reached P142.8 million (US$2.81 million) this year, up 668.9% from the same period in 2016.