Sports betting technology provider Kambi Sports Solutions posted double-digit revenue gains last year despite a late surge of punter-friendly results.

Figures released this week show Kambi’s revenue jumping 17% to €56m in 2016 while earnings gained 19% to €8.8m and after-tax profits rose 21% to €7.5m. The results were less impressive in Q4, in which revenue was basically flat at €14.3m while earnings were cut in half to €1.8m and profit slid nearly 59% to €1.2m.

Kambi CEO Kristian Nylén attributed Q4’s slide to December’s sporting calendar, which produced “many events with player-friendly outcomes” and a corresponding decline in Kambi licensees’ average margins. However, Nylén celebrated the fact that licensees collectively reported 19% increases in turnover during Q4, which Nylén noted came despite a comparison with strong Q4 2015 numbers.

Q4 was an active period for Kambi, including a dramatic expansion of its Latin American omni-channel deal with the PlayCity brand of Mexico’s Grupo Televisa. Spanish operator R Franco also launched its Kambi-powered Wanabet online product in November