Bloomberry Resorts Corporation has released its financial results for the second quarter and first half of 2025, revealing a period of mixed performance characterized by top-line growth but a notable decline in profitability.
For the second quarter ending June 30, the company reported a total gross gaming revenue (GGR) of PHP 14.3 billion ($250 million), marking a slight 1% increase compared to the same period in 2024.
However, consolidated EBITDA for the quarter fell by 30% year-on-year to PHP 2.5 billion.
This downturn was largely attributed to a weaker performance from the VIP segment at its flagship Solaire Resort Entertainment City (SEC). Consequently, the company recorded a consolidated net loss of PHP 1.4 billion for the quarter, an increase from the PHP 1.3 billion loss reported in Q2 2024.
For the first half of 2025, total revenue saw a 6% year-on-year rise to PHP 31.1 billion.
Despite this, consolidated EBITDA for H1 was PHP 6.8 billion, down from PHP 8.6 billion in the prior year, with profitability impacted by operating expenses related to its “MegaFUNalo!” online platform. This led to a significant 71.2% drop in consolidated net income, which settled at PHP 1.9 billion for the half.
Property-level results highlighted a strategic shift, with the new Solaire Resort North generating approximately PHP 4.5 billion in GGR, driven by strong mass table and electronic gaming machine (EGM) performance. This partially offset a 27% GGR decline at SEC, which still contributed PHP 9.8 billion.
Bloomberry Resorts Corporation Chairman and CEO, Enrique K. Razon Jr., addressed the results, stating,
It was a challenging second quarter for Bloomberry as softness persisted in Solaire Entertainment City’s VIP and premium mass segments. However, Solaire North saw further growth as mass gaming volumes and non-gaming revenue increased.
He also noted the recent soft launch of the ‘MegaFUNalo!’ online platform, signaling a key part of the company’s future strategy to enhance its digital gaming presence.
