Online sports betting firm Sportingbet said its European operations broke into profit for the first time last autumn, fuelled by a rise in customer numbers and bets placed.
The London-based firm, which moved into profit as a group last year, said its European operations made its first operating profit in October - five months earlier than it planned.
Chief executive Nigel Payne said: "We are growing in Europe faster than originally planned.
"We are growing bigger and faster and we also managed to get good trading margins."
In Europe, customer numbers grew by 19 per cent to 30,915 during the quarter, while the number of sports bets placed rose more than one million against the same period the previous year.
The group does not break down figures for its UK operations, which generates ten per cent of group sales.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article