Malta-based online gambling operator Gaming Innovation Group (GIG) continued its winning financial streak in the first three months of 2018, thanks to strength of its recurring B2B revenue and increased activity from internal gaming brands.

On Thursday, GIG announced that its first quarter revenue soared by 62 percent to €37.3 million ($44.68 million) in 2018 from €23 million ($27.54 million) during the same period last year as the demand for its B2B offerings and internal gaming brands rose.

Financial data showed that GIG’s B2B revenue jumped 143 percent to €15.3 million ($18.33 million) in the three months ending March 2018 compared to €6.3 million ($7.5 million) in Q1 2017. Its B2C revenue also posted a 37 percent gain or €25.4 million ($30.42 million) in Q1 2018.

GIG also saw a turnaround in its earnings before interest, tax, depreciation and amortization (EBITDA), which recovered from a €400,000 ($479,099) loss in Q1 2017 to a positive of €4.3million ($5.15 million) during the opening months of 2018.