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QiH Group hails its “robust growth and high ambitions” as the iGaming media network surpasses the £20m revenue mark for 2024 trading.
Founded in 2014, London and Skopje-based QiH Group has published its first quarterly trading results for Q3 2024, a period in which it generated £6.33m in revenue, up 73% compared to 2023.
QiH’s commercial growth is underscored by its media network entering strategic partnerships with 120 partners, enhanced by new tech and UI upgrades that improve customer delivery.
Strong Q3 trading saw QiH declare an EBITDA of £1.40m, reflecting a 49% increase in first-time-depositing (FTD) customers. For the year, QiH’s EBITDA for 2024 stands at £4.85m (+59%), with FTDs up by 43%.
Group CEO and Co-Founder Jamie Walters commented: “We are thrilled to report strong quarterly results that underscore our commitment to innovation and customer satisfaction in the iGaming space.”
Significantly, Walters highlighted that QiH’s commercial strategy and ambitions are strengthened by new C-level hires, with Sachin Saxena as CTO and Simon Winder as CFO.
The media group has bolstered its leadership, increasing its corporate headcount by 15% in 2024, led by a significant expansion of its London office.
New initiatives saw QiH expand into sports betting with the successful launch of Podium Bets, with sports betting expected to contribute up to 15% of full-year revenue in 2025.
QiH Group is made of Digital Adventures, which media suite customised for igaming operators; Wizard Interactive, an affiliate partner that brings high-quality traffic to top US online casinos; and Tau Marketing Services, which runs three international casino brands through the Aspire network.
Closing the 2024 accounts, Walters stated: “As we head into the next trading year, QiH Group looks primed to go from strength to strength. Our C-level team is now complete, and we have been able to attract some truly impressive individuals to our most important senior positions, as proven by our recent hires.
Our focus on compliant methods, data-driven results, and responsible marketing will enable us to continue delivering value to our partners, clients, and customers for the long term.”
