PhilWeb Corp. reported consolidated earnings results for the year ended December 31, 2009. For the year, the company reported net service revenues of PHP 817,564,370 compared to PHP 449,792,589 a year ago. Operating income was PHP 497,393,816 compared to PHP 206,739,058 a year ago. Income before income tax was PHP 552,671,502 compared to PHP 292,259,987 a year ago. Net income/comprehensive income was PHP 551,202,680 or PHP 0.4410 per diluted share compared to PHP 292,283,522 or PHP 0.2320 per diluted share a year ago. Net cash provided by operating activities was PHP 598,280,848 compared to PHP 271,618,101 a year ago. Acquisitions of property and equipment were PHP 91,337,332 compared to PHP 68,072,293 a year ago.

PhilWeb Corp. elected Mr. Robert Creager as Director to fill in the vacancy caused by the resignation of Mr. Randal Cox. Mr. Robert Creager is currently a member of the Board of Supervisors of Acentic GmbH. Mr. Cox was recently appointed by Relativity Media l c., a company based in the United States of America, as head of its International Business and Corporate Development Department which requires him to devote his entire time and energy to the said company.

PhilWeb Corp. reported earnings results for the full year of 2009. For the period, the companys net income totaled PHP 552 million, an 89% increase against 2008. The bulk ofthese profits came from core operations in gaming, which contributed a total of PHP 523 million, 126% better than previous year.