Game technology provider DFNN delivers positive results

Philippines-listed game technology provider DFNN Inc. has reported on the first nine months of 2018, posting increased y-o-y revenue across its diverse business portfolio.

Total consolidated revenue rose 16 percent over the nine months to reach P984.3 million, yielding an EBITDA up 31.9 percent at P188.4 million as the company claimed particularly good results from its services division, which grew five-fold compared to the same period last year.

Sales of application and software licenses were up 255.5 percent at P40.8 million.

“The significant growth in these business streams pertains to the increase in foreign license revenue, messaging services revenue and income generated through processing and integration fees from the aggressive sales efforts of the management team as well as the enhancement of the product suite to expand into blockchain technologies,” a company statement advised.

For the third quarter DFNN reported that Xchangebet, the company’s sports betting exchange product which operates under DFNN’s e-casino gaming platform Instawin, increased its number of active sites by 53 percent from the same period last year.

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