posts second-quarter losses

Net revenues rose 16%, a rival to Ticketmaster on the Web, Tuesday posted a second-quarter loss of $3.4 million, less than half of the total for the previous quarter and down $10.5 million, or 76%, from the three-month period ended June 30, 2000. Net revenues rose 16% to $17.1 million, while operating expenses continued to decrease 32% to $17.3 million during the period.

“Our revenue base continues to expand as we build on existing relationships and establish new ones,” said W. Thomas Gimple, co-chairman and CEO of “The solid results we’ve seen in the second quarter continue to demonstrate the successful execution of our plan toward profitability and further delineate from other pure Internet-based business models.”

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Digital News from Variety