Bloomberry Q2 revenue reaches PHP 14.3bn, H1 income down 52%

Key points:  

– Bloomberry has reported Q2 & H1 revenue rises of 1% and 6%, respectively 

– The company’s net loss has continued to expand over both timeframes 

– Solaire Resort Entertainment City remained the company’s key driver, despite a revenue dip 

Bloomberry Resorts Corporation has posted its full Q2 & H1 2025 financial statistics, highlighting a Q2 figure of PHP 14.3bn ($250m).  

Indeed, this latest figure represents a 1% rise in GGR compared to figures released during the second quarter of 2024, with full H1 2025 revenue also rising by 6% year-on-year to total PHP 31.1bn.  

Q2 2025 results  

In more detail, Bloomberry’s 1% GGR increase to PHP 14.3bn for the second quarter of 2025 comes paired with a consolidated EBITDA of PHP 2.5bn, down by 30% compared to results from the year prior. Indeed, this dip was attributed to lower property contributions from Solaire Resort Entertainment City (SEC), alongside a weak performance from the company’s VIP sector. 

Results display Melco’s City of Dreams Manila performance only*

Elsewhere, consolidated net loss also reached a total of PHP 1.4bn, increasing from the PHP 1.3bn figure reported during the second quarter of the year previous.

By property, mass table and electronic gaming machine (EGM) GGR across Bloomberry’s two Manila-based properties rose by 18% year-on-year, with SEC remaining the primary revenue driver for the operator during Q2, despite only putting out a GGR figure of PHP 9.8bn, down 27% from Q2 2024. 

Trailing behind SEC was Jeju Sun Resort & Casino, whose revenue fell from drastically from the PHP 35.7m during Q2 last year to just PHP 2.5m during this latest quarter. Elsewhere, Solaire Resort North generated approximately PHP 4.5bn for the quarter, following a strong mass table and EGM performance.  

H1 2025 results  

Over the course of the calendar year’s first half, company revenue increased by 6% to PHP 31.1bn, complemented by a net revenue of PHP 27bn – up 9% in comparison to results from the year prior.  

Consolidated EBITDA reached PHP 6.8bn during the H1 2025 period, down from the PHP 8.6bn recorded in H1 2024 – impacted by PHP 509.5m in ‘MegaFUNalo!’ operating expenses. Elsewhere, consolidated net income once again dropped by a notable 71.2% to PHP 1.9bn during the year’s first half.  

Good to know: Bloomberry’s Q1 2025 revenue reached PHP 14.35bn – up 15% year-on-year 

The year’s highlights  

Towards the end of the year’s initial quarter, Bloomberry launched its new online platform as part of an initiative to plug the hole left by the Philippines quickfire ban on POGO operations. Indeed, this initiative represents a wider shift that has seen the company intensify its online efforts, with the firm focusing on mass marketing and digital gaming as part of its long-term strategy.  

More recently, in June, the firm appointed former SJM Chief Gaming Officer, Damian Quayle, as the new president of its Solaire North property in the Philippine capital city of Manila.  

CEO comments  

Speaking on these latest results, Bloomberry Chairman and CEO, Enrique K. Razon Jr, said: “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 over the previous quarter. The gains in our second property contributed to the performance of our Metro Manila mass gaming and non-gaming revenue which rose 18% and 37% year-over-year, respectively.

“Last June, our new online platform ‘MegaFUNalo!’ was made available to the public on a soft-launch basis. In the coming months, we will introduce more content and enhancements to the platform that will strengthen its competitiveness.”