Sportline’s Revenues Dip 10 Percent

0 Comments (Nasdaq: SPLN) losses have narrowed in Q1, at $9.4 million, compared to $12.3 million loss in the year-ago quarter. But revenues dipped to $12.01 million, from $13.39 million in the year-ago quarter. The company attributed its revenue decline to its lack of barter revenue. Beginning in mid-2002, SportsLine moved to limit barter advertising transactions. Excluding its $2.4 million in barter revenue from the prior-year period, SportsLine said revenue increased 9 percent from $11 million in the first quarter last year to $12 million in the most recent quarter.

The company generated $2.3 million in subscription fantasy baseball billings, which SportsLine said it will recognize as revenue primarily in the second and third quarters of this year. The company booked about $1.5 million in total fantasy baseball revenue in 2002.

For more info., read the company release.

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