Nike Shows Jump In Quarterly Sales Gametime Adds $20M Round Of VC Financing Drone Racing League Closes On $12M Financing Sources: MSG Laid Off 60-70 Employees Dick's Sporting Goods Hesitant To Move Into N.Y. DraftKings Secures $153M In Latest VC Round Adidas Chair Hainer Talks Upcoming Retirement Bryant Hopes Appeal In Asia Helps New Fund BAM Tech Buys Stake In Silver Chalice Kobe Launches $100M Tech Fund
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).