Major affiliate QiH Group reports impressive Q4 and FY 2024 financial results

QiH Group, a prominent iGaming affiliate, has announced its financial results for Q4 2024, the three-month period ending 30 September. The results showcase robust performance and ambitious growth in a rapidly evolving, highly regulated and increasingly competitive online market.

Key Q4 Highlights

• Revenue: £6.33m, a 73% increase from Q4 2023

• EBITDA: £1.43m, a 90% increase from Q4 2023

• FTDs: 49% increase from Q4 2023

Key FY24 Highlights

• Revenue: £20.57m, a 59% increase year-on-year

• EBITDA: £4.85m, a 59% increase year-on-year

• FTDs: 43% increase year-on-year

CEO Comments

“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.”

Operational Highlights

• Strengthened C-suite leadership team with the hire of leading CTO Sachin Saxena

• Expanded into a new sports vertical through the successful launch of Podium Bets, with sports betting expected to deliver up to 15% of full-year revenue activity in 2025

• Average headcount growth of 16% for Q4 2024 and 15% for FY 2024, leading to a significant expansion of the London office

• Entered strategic partnerships with 120 partners, delivering our trusted high quality traffic experience as further evidence of our successful internal strategy

Post-period Outlook

• Finalised C-suite leadership team with the hire of leading CFO Simon Winder

“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,” said Walters.