UK-listed gambling operator Paddy Power Betfair (PPB) says the tiny hands of US President Donald Trump made a dent in its Q4 earnings.

In a 2016 trading update issued on Monday, PPB said it expects its full-year 2016 revenue to rise 18% to £1.55b (+11% in constant currency terms), while earnings will come in between £390m to £405m, in keeping with previous forecasts.

The numbers were up despite a challenging November and December, during which sportsbook stakes rose 28% while revenue gained only 12% (-1% in constant currency) due to “customer-friendly” sporting results.

The unfavorable sports results cost the company around £40m in Q4, and nearly £5m of that shortfall came via Trump’s surprise election in November after PPB had already paid out early to bettors who backed Trump’s rival Hillary Clinton to take up residence in the Oval Office. The company said it partially offset this decline via “lower than expected marketing and staff costs.”