Nordic online gambling operator Betsson AB managed solid gains in both revenue and profit in Q1 despite the much-publicized challenges of Sweden’s newly regulated online market.

Betsson announced Tuesday that its revenue in the three months ending March 31 totaled SEK1.33b (US$138.7m), up 10% from the same period last year (+8% organic growth), with all geographic markets showing year-on-year growth. Operating income was up 21% to SEK255.2m while net income rose 22% to SEK229.3m.

Sports betting turnover was up 10% to SEK6.35b, while betting revenue grew 13% to SEK297.8m. Mobile channels accounted for 80% of betting revenue, up 11 points year-on-year. Online casino revenue rose 10% to just over SEK1b, with two-thirds of that coming via mobile channels. Active customer ranks improved 13% to nearly 687k.

The Nordic markets remain Betsson’s bread-and-butter, although its SEK580.6m revenue contribution was up only 2% year-on-year (and down 1% organically). Western European markets fared much better, rising 10% to SEK430.8m, while the Central & Eastern Europe and Central Asia segment grew 15% to SEK248.2m.