Nike Reports Relatively Strong Q2 TaylorMade CEO Sharpe Talks About His Plan Adidas Meets Expectations With Q3 Results MSG Could Double In Value With Split ScoreBig Closes $18M Series D VC Funding MSG Considers Splitting In Two Callaway Golf's Q3 Revenue Beats Projections Under Armour's Apparel & Footwear Sales Rise By 29% TPG Takes 53% Majority Stake In CAA Overseas Group Launching Bid To Buy Reebok
SPORTSLINE USA REPORTS RECORDS IN WEB TRAFFIC AND 4Q REVENUE
Published January 12, 1998
SportsLine USA announced record revenue and site traffic for the fourth quarter ended December 31, '97. Quarterly revenue increased to $4.4M, up 250% from the $1.3M in '96's same quarter. Traffic on SportsLine's Web sites grew 250%, averaging 2.8 million page views daily in '97, as compared to 800,000 daily in '96. SportsLine's net loss for the quarter was $7.2M, or $0.42 per share, compared to $4.2M, or $0.45 per share in the '96 quarter (SportsLine).