Stockholm-based online gambling operator Mr Green credited expansion outside its core Nordic markets for boosting its Q4 2016 numbers.

Figures released last week showed Mr Green’s revenue rising nearly 32% to SEK 265m (US $29.6m) in the three months ending December 31, while earnings rose 10% to SEK 32m.

However, Q4 net income fell 15.4% to SEK 14.2m due to costs of services rising 61%, while marketing costs were up 27.8% and personnel costs rose one-third. The cost spikes were attributed to the company’s regional growth and expanded product offering, which included new sportsbook and live casino offerings.

But Q4’s expenses also included a charge of SEK 8.4m stemming from “a case of fraud linked to a security defect in a specific third-party payment solution.” Mr Green said the security defect was corrected at the end of the quarter.