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Tuesday, May 16, 2000

LOSSES TRIPLE AT TICKETS.COM

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But Guy In Ball Cap Is Selling The Stock For Twice Its Market Price In Parking Lot H
Tickets.com Inc. reports that losses more than tripled while revenues increased more than 114% for the first quarter ended March 31.

The online ticketing agent said its first-quarter loss increased to $21.6 million, or 37 cents per share, from a loss of $6 million, or 95 cents per share, during the previous period. The pro forma loss was $16.3 million, or 28 cents per share, up from last year's loss of $4.9 million, or 77 cents per share.

Revenues increased to $14.1 million from $6.6 million, driven by a 61% increase in ticketing services revenue and a 291% increase in software services and other revenue.

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