UK-listed online gambling operator Paddy Power Betfair enjoyed modest revenue and profit growth in Q3 despite a lackluster performance by its online division.

Wednesday saw PPB release a trading update covering the three months ending September 30, during which group revenue improved 9% year-on-year to £440m, underlying earnings rose 7% to £121m and underlying operating profit gained 5% to £101m.

Outgoing PPB CEO Breon Corcoran called the results “encouraging” given the comparison with Q3 2016, which got a boost from the tail end of the Euro 2016 football tournament. Corcoran said trading to date in Q4 has been “good” and the company expects FY17 underlying earnings to come in between £450m and £465m.

Overall online revenue was down 3% to £216m. Despite the lack of a major football tournament, online sports betting stakes improved 10% but hold fell 0.8 points, pushing online sports revenue down 2% to £156m, while online gaming was essentially flat at £60m.