QiH Group’s revenue rises by 73% in Q4

Neha Soni November 7, 2024

SiGMA news

QiH Group, a digital marketing firm focused on the iGaming industry, has reported an increase in its revenue, posting a 73 percent increase year-over-year in the fourth quarter of this year. The group registered a revenue of £6.33 million.

For the quarter, earnings before interest, taxes, depriciation and amortisation (EBITDA) rose to £1.43 million, jumping 90 percent from the same period last year. The company’s First-Time Depositors (FTDs) witnessed a strong growth of 49 percent from a year earlier. The commercial growth ensues after QiH’s media network entered strategic partnerships with 120 partners, enhanced by new tech and UI upgrades aimed at improving customer delivery. “We are thrilled to report strong quarterly results that underscore our commitment to innovation and customer satisfaction in the iGaming space,” said Jamie Walters, CEO and co-founder of QiH Group. “Strategic enhancements to our in-house tech, growing the business rapidly and appointing the absolute best people to our C-level team has clearly paid off.”

C-level hires

In addition, Walters highlighted that the group’s ambitions have benefit from new C-level hires, including Sachin Saxena as chief technology officer (CTO) and Simon Winder as chief financial officer (CFO).

Saxena was the latest addition to the group’s ambitious growth strategy of bringing in C-suite management in the group’s London headquarters to solidify the company’s operational capabilities. He is working alongside David Murphy and Andrew Lee, the company’s chief marketing officer (CMO) and chief operating officer (COO), respectively. Walters continued, “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 really 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.”