Investing.com — Sharplink Inc (NASDAQ:SBET) reported third-quarter earnings that exceeded analyst expectations, though shares fell 4.5% in premarket trading Monday as investors appeared to focus on the composition of the company’s profits.

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The company reported adjusted earnings of $3.45 per diluted share for the quarter ended September 30, significantly above the analyst consensus of -$0.01. Revenue reached $13.5 million, up 24% YoY from $10.8 million and topping the analyst estimate of $12.96 million. However, the net income of $751.4 million was driven…