Sportsline heute 40% - 500 Beiträge pro Seite

[H.M.]

, weil es endlich mal Zeit wird. Meines Erachtens nach technische Unterstützung erreicht, Explosion zwingend....!

[Jean_II]

Eine (zumindest kleine) technische korrektur dürfte bei Sportsline unmittelbar bevor stehen! Ich denke morgen gibt´s nen traumhaften Einstiegskurs, werde vielleicht mal einen Zock mit denen versuchen!
Gruss Jean_II

[Rainolaus]

von heute:

SportsLine.com: *Buy*
http://www.boersenagent.de/w2/chartdetail.asp?id=1812
======================================================

Das Ding ist aber auch runtergeprügelt worden. Schlusskurs in USA gestern 17.75 US$.

[avci]

zahlen nach oben revidiert!!!!

KAUFEEEEENNNNN!!!!!!!!




SportsLine.com, Inc. Third Quarter Operating Results Include Improvement in Net Loss, EBITDA, Revenue and Increase in Operating Cash
Tuesday October 22, 8:17 am ET


FORT LAUDERDALE, Fla., Oct. 22 /PRNewswire-FirstCall/ -- SportsLine.com, Inc. (Nasdaq: SPLN - News), a leading Internet sports media company and publisher of CBS SportsLine.com (http://cbs.sportsline.com), today announced its operating results for the third quarter ended September 30, 2002. The Company`s net loss for the quarter was $11.4 million, or $0.30 per basic and diluted share, which compares favorably with a net loss for the third quarter of 2001, before two non-recurring items and excluding the results of Sports.com, of $19.4 million. In the third quarter of 2001, the Company had reported net income of $3.9 million, which included a $17 million write-down of goodwill and $41.7 million for the positive effect of deconsolidation of Sports.com. Net loss for the third quarter 2002 was reduced by 30% sequentially from a net loss of $16.3 million, or $0.45 per share in the second quarter of 2002, due to the seasonal nature of the Company`s business.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010619/SPLNLOGO-b )
SportsLine.com reported an increase in cash and marketable securities of $7.6 million, primarily resulting from the advance collection of fantasy and certain advertising revenue. That compares to a decrease of $16.7 million in the same quarter a year ago and a decrease of $4.8 million in the second quarter of 2002. At the end of September, the Company`s unrestricted cash and marketable securities totaled approximately $44 million, compared to approximately $36 million at the end of June.

The Company`s EBITDA loss (loss from operations excluding depreciation, amortization, and amortization of equity issued to Viacom for promotion) for the quarter, excluding a restructuring charge of $1.1 million for severance costs, was $2.0 million, an 80% improvement over the Company`s EBITDA loss of $9.9 million for the same period of 2001. The EBITDA loss also represents a 77% improvement over the Company`s domestic EBITDA loss of $8.6 million in the third quarter of 2001, which excludes the results of Sports.com. This also represents a 66% sequential improvement over the $5.8 million EBITDA loss in the second quarter of 2002.

Revenue for the third quarter of 2002 was $15.5 million, an increase of 14% compared to $13.6 million in the same quarter of 2001, and a sequential increase of 41% compared to $11.0 million in the second quarter of 2002. The success of the Company`s fee-based fantasy football strategy contributed to the rise in subscription and premium products revenue to $3.7 million in the third quarter 2002, a 185% increase compared to $1.3 million in the same period a year ago and a 131% sequential increase compared to $1.6 million in the second quarter of 2002. Domestic advertising and marketing services revenue decreased slightly compared to the same quarter in 2001; however, during the third quarter 2002, barter advertising represented only 4% of total revenue, compared to 14% of domestic revenue in the third quarter of 2001. Excluding barter revenue from both periods, domestic advertising revenue increased by more than 10% in the third quarter 2002 compared to the same quarter in 2001. Advertising and marketing services revenue increased 25% sequentially compared to the second quarter of 2002.

"This quarter is indicative of the strength of SportsLine.com`s business as we made significant strides in the right direction in all of our major financial metrics: net loss, EBITDA and revenue," said Michael Levy, founder and CEO of SportsLine.com, Inc. "We have put SportsLine.com in position to achieve our long-stated goal of reaching positive EBITDA in the fourth quarter. We continue to efficiently manage the expense side of our business while on the revenue side, our advertising and marketing services business is more than holding its own in a challenging environment. Furthermore, we have successfully proven the viability of our fantasy sports business as a significant revenue source, as we have already generated in excess of $10 million year-to-date from fantasy sports."

SportsLine.com, Inc.
Financial Highlights
(in thousands, except per-share data)
(unaudited)

Three Months Ended
September 30,
2002 2001
U.S. Sports.com(1) Total

Revenue $15,526 $13,336 $265 $13,601

Net income (loss) $(11,384) $5,327 $(1,443) $3,884

Basic and diluted net income
(loss) per share $(0.30) $0.14

Weighted average shares
outstanding 37,654 28,368

EBITDA(2) $(2,048) $(8,577) $(1,299) $(9,876)


Nine Months Ended
September 30,
2002 2001
U.S. Sports.com(1) Total


Revenue $42,176 $44,547 $4,484 $49,031

Net loss $(39,946) $(29,175) $(18,142) $(47,317)

Basic and diluted net
loss per share $(1.09) $(1.72)

Weighted average shares
outstanding 36,611 27,437

EBITDA(2) $(10,903) $(21,692) $(16,839) $(38,531)

(1) As of July 2001, results of Sports.com are no longer consolidated
with SportsLine.com, Inc.

(2) Excludes restructuring charge.


Third Quarter 2002 Operating Highlights

Business Highlights

* The conversion of the fantasy football products back to a fee-based
product resulted in approximately $8.8 million in billings, 25% of
which is being recognized as revenue in the third quarter and the
remainder of which will be recognized as revenue in the fourth quarter.
The Company had anticipated billings from fantasy football products to
be at least two to three times greater than its fantasy baseball
revenue, which was approximately $1.5 million. The $8.8 million is
nearly six times the baseball revenue, or double the expected amount.
* SportsLine.com has generated more than $10 million from fantasy sports
subscriptions in 2002, including the fantasy football results and the
$1.5 million in revenue from fantasy baseball. By comparison, an Online
Publishers Association report in August 2002 stated that total revenue
for the entire online sports content category in 2001, including
fantasy sports, was $10 million, according to research conducted by
comScore Networks and based on actually observed user transactions.
* Approximately 65,000 paid fantasy football leagues have been formed,
representing approximately 825,000 teams playing in fee-based games. In
addition, more than 15,000 fantasy football teams have been formed for
the Company`s other premium pay products. SportsLine.com`s league
management service was priced at $139.95 per league, with a
$20 discount for returning leagues that paid by mid-August. The price
of the league included all of the following as well as other features:
a fully customizable Web site for each league, where owners of up to
20 teams can log in to set lineups, make trades, sign free agents, read
daily news and fantasy analysis, write articles for league newsletters
and chat with other owners; live fantasy scoring while NFL games are in
progress; daily customizable e-reports; e-mail notifications of
transactions and player news; and the ability to check live scoring,
stats and news with a wireless device. The single game products were
priced at $29.95, $99.95 and $249.95, depending on the service level
and value of prizes.
* The total number of teams in all of SportsLine.com`s fantasy football
products is in excess of three million, including Office Pool Challenge
and Office Pool Manager, NFL.com products and CNNSI.com products. This
brings the total teams in all of SportsLine`s fantasy products to
approximately five million across all sports.
* The Company`s database of registered users has grown to approximately
10 million users at the end of the third quarter. This is an increase
of more than two-thirds over the six million registered users as of
September 30, 2001.
* In September, the Company extended its programming and promotional
agreement with Westwood One, America`s largest radio network.
SportsLine.com receives promotional mentions on Westwood One/CBS Radio
Sports broadcasts in exchange for leveraging its existing sports
content and programming resources to provide sports feeds, as well as
pre-game, halftime, post-game and in-game updates and scoreboards.
* In July, the Company entered into an agreement with GSI Commerce, Inc.
to host its MVP.com sporting goods e-commerce store and terminated its
agreement with USA Interactive`s ECS division. GSI Commerce operates
all facets of the MVP.com store, including customer service, order
processing and fulfillment, while SportsLine.com handles merchandising
and marketing. The store features a broad selection of sporting goods,
licensed merchandise and memorabilia.
* In June, the Board of Directors authorized the Company to repurchase up
to $2,000,000 of the Company`s outstanding common stock. Shares may be
purchased from time to time in the open market at prevailing market
prices or in privately negotiated transactions. The Company made
minimal repurchases during the third quarter.
* In July, SportsLine terminated its inter-company agreement with
Sports.com Limited, pursuant to which, among other things,
SportsLine.com licensed the sports.com domain to Sports.com Limited.
Separately, SportsLine.com sold the rights to the sports.com domain to
an unrelated third party. None of the above actions related to
Sports.com have had or will have any material effect on the financial
condition or business operations of SportsLine.com.

Financial Highlights

* SportsLine.com`s net loss in the third quarter of 2002 of $11.4 million
compares favorably with a net loss for the third quarter of 2001,
before two non-recurring items and excluding the results of Sports.com,
of $19.4 million. In the third quarter of 2001, the Company had
reported net income of $3.9 million, which included a $17 million
write-down of goodwill and $41.7 million for the positive effect of
deconsolidation of Sports.com. Net loss for the third quarter 2002 was
reduced by 30% sequentially to $11.4 million, or $0.30 per share, from
a net loss of $16.3 million, or $0.45 per share in the second quarter
of 2002.
* SportsLine.com reported an increase in cash and marketable securities
of $7.6 million, primarily resulting from the advance collection of
fantasy and advertising revenue. That compares to a decrease of
$16.7 million in the same quarter a year ago and a decrease of
$4.8 million in the second quarter of 2002. At the end of September,
the Company`s unrestricted cash and marketable securities totaled
approximately $44 million compared to approximately $36 million at the
end of June.
* EBITDA loss for the quarter was $2.0 million, an 80% improvement over
the Company`s EBITDA loss of $9.9 million in the same quarter a year
ago and a 77% improvement over the Company`s third quarter 2001
domestic EBITDA loss of $8.6 million. This also represents a
66% sequential improvement over the $5.8 million EBITDA loss in the
second quarter of 2002.
* Revenue for the third quarter of 2002 was $15.5 million, compared to
the $13.6 million recorded in the same quarter of 2001, an increase of
14%. Compared to second quarter 2002 revenue of $11.0 million, the
sequential increase is 41%.
* Revenue from fantasy football products contributed to the increase in
revenue from subscription and premium products to $3.7 million in the
third quarter 2002, a 185% increase compared to $1.3 million in the
same period a year ago and a 131% sequential increase compared to
$1.6 million in the second quarter of 2002.
* Domestic advertising revenue decreased slightly compared to the same
quarter in 2001; however, barter revenue constituted only 4% of total
revenue in the third quarter of 2002, down from 14% of total revenue in
the same period last year. Excluding barter revenue from both periods,
domestic advertising revenue increased 10% in the third quarter 2002
compared to the same quarter in 2001. Due largely to the seasonality of
the Company`s business, advertising and marketing services revenue
increased 25% sequentially compared to the second quarter of 2002.
* Total headcount at the end of September was 294, down from 366 a year
ago. Over the past 18 months, the Company`s headcount has been reduced
by more than one third.
* In July, pursuant to the payment terms of the Company`s agreement with
America Online, Inc., the Company issued approximately 1.95 million
shares of its common stock to AOL.

Audience Usage and Loyalty

* Unique visitors to the SportsLine.com Branded Network increased
significantly year-over-year, setting a record in September and
exceeding 10 million in each of the three months of the quarter,
according to comScore Media Metrix. The 12.2 million unique visitors in
September marked the first time more than 12 million unique visitors
had visited the SportsLine Branded Network in any single month, and was
an increase of 13% over the 10.8 million unique visitors measured in
September 2001. The 11.8 million unique visitors recorded in August was
a 44% increase over the 8.2 million unique visitors in August 2001.
There were 10.1 million unique visitors in July, an increase of
60% over the 6.3 million unique visitors in July 2001.
* SportsLine.com again proved to be among the best on the Web in
"stickiness" during the quarter according to comScore Media Metrix. In
all three months, SportsLine.com ranked in the top 20 among leading Web
properties in time spent per user on the site.
* The Company`s proprietary Live Publishing System (LPS), which provides
constant scoring updates without any action on the part of the user to
refresh the page, has contributed to the significant year-over-year
increases in unique visitors and the stickiness of the sites. With this
system in place, page views are no longer a comparable measurement on a
year-to-year basis. The Company believes that unique visitors and time
spent per user represent the most meaningful measures to accommodate
the needs of its audience and advertising clients.


Business Outlook

Consistent with previous guidance, the Company expects to achieve positive EBITDA in the fourth quarter of 2002, in the range of $200,000 to $1 million. For the full year 2002, the Company has decreased its estimated EBITDA loss to a range of $10 to $11 million, an improvement from the previous estimate of $11 to $13 million.

The Company estimates that total revenue for the fourth quarter of 2002 will be between $18 and $19 million, which will bring total revenue for the full year 2002 to above $60 million. The Company anticipates that approximately 80% of total revenue in 2002 will come from advertising and marketing services. For the fourth quarter, it is anticipated that approximately 35% of total revenue will come from subscriptions and premium products and the balance from advertising and marketing services.

The Company`s net loss per share in the fourth quarter is expected to be between $0.22 and $0.25 per share. The net loss per share for the full year is now expected to be $1.30 to $1.40 per share, an improvement from the previous estimate of $1.40 to $1.50 per share.

The Company now expects its cash position at the end of 2002 to exceed $35 million, an increase from the previous guidance of $30 million, considering the projected EBITDA loss and capital expenditures for the remainder of the year.

The preliminary outlook for 2003, which is subject to change, currently calls for revenue growth in the 15% range for the full year. Most of the growth is expected to occur in the second half of the year, consistent with the seasonality in the Company`s business. The Company anticipates the total revenue base in 2003 to be split approximately 75% advertising and marketing services and 25% subscription and premium products, with subscription and premium products revenue expected to grow more than 30% over 2002.

The Company currently anticipates that EBITDA in 2003 for the full year will range from approximately break-even to a loss of $5 million, with modest EBITDA losses expected during the first half of the year, and positive EBITDA anticipated during the second half of the year. Final guidance for 2003 will be provided in January when the Company reports fourth quarter results.

These business outlook statements, as well as other forward looking statements in this press release, are based on current expectations as of today only. Due to economic and advertising market variables, among other factors, there can be no assurance that the Company will achieve the stated outlook. SportsLine.com makes these statements as of today and undertakes no obligation to update these statements. While it is currently expected that these business outlook statements will not be updated prior to the release of SportsLine.com`s next quarterly earnings announcement, the Company reserves the right to update the outlook for any reason during the quarter, including the occurrence of material events.

Conference Call

SportsLine.com will host a conference call to discuss third quarter 2002 results today at 11:00 a.m. Eastern Time. A live Web cast of the conference call will be available on the SportsLine.com Investor Relations arena (http://sportsline.com/ir/conference.html). The Web cast will be archived for 90 days following the call.

About SportsLine.com, Inc.

SportsLine.com (Nasdaq: SPLN - News) is at the leading edge of media companies providing Internet sports content, community and e-commerce. As the publisher of CBS SportsLine.com and the official Web sites of the NFL and the PGA TOUR, the Company serves as one of the most comprehensive sports information sources available, containing an unmatched breadth and depth of multimedia sports news, information, entertainment and merchandise. SportsLine.com also serves as a primary sports content provider for America Online.

Note: This press release contains forward-looking statements, which involve risks and uncertainties. SportsLine.com`s actual results could differ materially from those anticipated in these forward-looking statements. Factors that might cause or contribute to such differences include, among others, competitive pressures, dependence on advertising revenues, which are difficult to forecast, the growth rate of the Internet, constantly changing technology and market acceptance of the company`s products and services. Investors are also directed to consider the other risks and uncertainties discussed in SportsLine.com`s Securities and Exchange Commission filings, including those discussed under the caption "Risk Factors That May Affect Future Results" in SportsLine.com`s latest Annual Report on Form 10-K. SportsLine.com undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SportsLine.com, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per-share data)

Three Months Ended
September 30,
2002 2001
U.S. Sports.com(1) Total

Revenue:
Advertising and marketing
services $11,806 $12,029 $154 $12,183
Subscription and premium
products 3,720 1,307 -- 1,307
Content licensing -- -- 111 111
Total revenue 15,526 13,336 265 13,601

Cost of revenue 6,635 6,531 724 7,255

Gross profit (loss) 8,891 6,805 (459) 6,346

Operating expenses:
Product development 500 468 -- 468
Sales and marketing:
Amortization of equity
issued to Viacom
for promotion(2) 5,821 5,072 -- 5,072
Other 5,414 8,854 365 9,219
General and administrative 5,025 6,060 475 6,535
Depreciation and amortization 3,082 6,080 144 6,224
Write-down of goodwill -- 17,000 -- 17,000
Restructuring charge(3) 1,101 -- -- --

Total operating expenses 20,943 43,534 984 44,518

Loss from operations (12,052) (36,729) (1,443) (38,172)

Effect of deconsolidation of
Sports.com -- 41,739 -- 41,739
Tax benefit 720 -- -- --

Net interest and other income
(expense) (52) 317 -- 317

Net income (loss) $(11,384) $5,327 $(1,443) $3,884

Basic and diluted net income
(loss) per share $(0.30) $0.14

Weighted average shares
outstanding 37,654 28,368

Diluted weighted average
shares outstanding 28,383

EBITDA(2)(4) $(2,048) $(8,577) $(1,299) $(9,876)

Gross margin 57% 51% (173)% 47%

(1) As of July 2001, results of Sports.com are no longer consolidated
with SportsLine.com, Inc.

(2) Amortization of equity issued to Viacom for promotion has been
reclassified for all periods presented in the income statements from
depreciation and amortization to sales and marketing expense. For
purposes of calculating EBITDA, such amount will continue to be
treated consistent with the Company`s historical reporting method.

(3) Restructuring charge consists primarily of severance costs.

(4) Excludes restructuring charge.


SportsLine.com, Inc.
Condensed Consolidated Statements
of Operations
(in thousands, except per-share data)

Nine Months Ended
September 30,
2002 2001
U.S. Sports.com(1) Total

Revenue:
Advertising and marketing
services $35,842 $37,784 $2,254 $40,038
Subscription and premium
products 6,334 3,463 -- 3,463
Content licensing -- 3,300 2,230 5,530
Total revenue 42,176 44,547 4,484 49,031

Cost of revenue 16,726 17,688 8,902 26,590

Gross profit (loss) 25,450 26,859 (4,418) 22,441

Operating expenses:
Product development 1,672 1,451 -- 1,451
Sales and marketing:
Amortization of equity
issued to Viacom
for promotion(2) 18,464 15,216 -- 15,216
Other 18,943 27,999 6,199 34,198
General and administrative 15,738 19,101 6,222 25,323
Depreciation and amortization 8,689 17,968 1,664 19,632
Write-down of goodwill -- 17,000 -- 17,000
Restructuring charge(3) 2,499 985 -- 985

Total operating expenses 66,005 99,720 14,085 113,805

Loss from operations (40,555) (72,861) (18,503) (91,364)

Loss on equity investments -- (28) -- (28)

Effect of deconsolidation of
Sports.com -- 41,739 -- 41,739

Tax benefit 720 -- -- --

Net interest and other income
(expense) (111) 1,975 361 2,336

Net loss $(39,946) $(29,175) $(18,142) $(47,317)

Basic and diluted net loss
per share $(1.09) $(1.72)

Basic and diluted weighted
average shares outstanding 36,611 27,437

EBITDA(2)(4) $(10,903) $(21,692) $(16,839) $(38,531)

Gross margin 60% 60% (99)% 46%

(1) As of July 2001, results of Sports.com are no longer consolidated
with SportsLine.com, Inc.

(2) Amortization of equity issued to Viacom for promotion has been
reclassified for all periods presented in the income statements from
depreciation and amortization to sales and marketing expense. For
purposes of calculating EBITDA, such amount will continue to be
treated consistent with the Company`s historical reporting method.

(3) Restructuring charge consists primarily of severance costs.

(4) Excludes restructuring charge.



Net change in cash and marketable securities

The analysis below should be considered in addition to, and not as a substitute for, or superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with generally accepted accounting principles. Management believes this supplemental financial data, which is not a presentation in accordance with generally accepted accounting principles, should be considered in addition to other financial statements, in order to fully assess the Company`s financial operating results.

(in thousands) Three Months Ended Nine Months Ended

September 30, September 30,
2002 2001 2002 2001

Net income (loss) $(11,384) $3,884 $(39,946) $(47,317)
Depreciation and amortization 3,082 6,224 8,689 19,632
Amortization of equity issued to
Viacom for promotion 5,821 5,072 18,464 15,216
Write-down of goodwill -- 17,000 -- 17,000
Effect of deconsolidation of
Sports.com -- (45,482) -- (45,482)
Investment in Sports.com -- (5,000) -- (5,000)
Acquisition of property and
equipment (843) (2,088) (1,177) (5,473)
Net repurchase of equity (75) (1,011) (179) (13,315)
Sale (purchase) of intangible
assets 155 -- 155 (6,158)
Increase in working capital 10,365 4,717 10,754 2,586
Other 488 (30) 1,218 (52)

Net change in cash and
marketable securities $7,609 $(16,714) $(2,022) $(68,363)


SportsLine.com, Inc.
Condensed Consolidated Balance Sheets
(in thousands)

September 30, December 31, 2001,
2002 2001

Assets:
Cash and short-term marketable securities $33,542 $46,035
Deferred advertising and content -- CBS 7,286 2,286
Receivables, prepaids and other
current assets 11,121 14,570
Total current assets 51,949 62,891

Non-current marketable securities 10,470 --
Property and equipment, net 8,621 12,069
Long-term deferred advertising and content --
CBS 7,428 9,143
Other assets 7,385 8,000
Goodwill 20,861 20,861
$106,714 $112,964

Liabilities and Shareholders` Equity:
Current liabilities $28,108 $16,711
Long-term convertible notes 16,678 16,678
Other long-term liabilities -- 407
Shareholders` equity 61,928 79,168
$106,714 $112,964


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Source: SportsLine.com, Inc.