HOLLYWOOD MEDIA CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Nine Months Ended September 30,		Three Months Ended September 30,
	2004	2003	2004	2003

		(As Restated,		(As Restated,
		See Note 2)		See Note 2)
NET REVENUES:
Ticketing	$ 39,604,332	$ 36,525,556	$ 11,654,166	$ 11,002,268
Other	9,667,525	9,084,221	3,448,661	2,923,642
Total revenues	49,271,857	45,609,777	15,102,827	13,925,910



OPERATING EXPENSES:
Cost of revenues – ticketing	34,350,187	31,629,607	10,197,864	9,133,834
Editorial, production, development and technology (exclusive ofdepreciation and amortization shown separately below)	3,868,219	3,758,000	1,363,292	1,320,286
Selling, general and administrative	15,593,379	13,861,932	5,977,937	4,794,737
Amortization of CBS advertising	38,807	609,193	–	102,464
Depreciation and amortization	1,604,614	1,839,801	562,263	585,408


Total operating expenses	55,455,206	51,698,533	18,101,356	15,936,729


Operating loss	(6,183,349)	(6,088,756)	(2,998,529)	(2,010,819)


EQUITY IN EARNINGS (LOSSES) OF INVESTEES	557,713	1,035,605	(30,373)	229,479

OTHER INCOME (EXPENSE):
Interest, net	(2,548,460)	(1,037,003)	(1,762,959)	(372,963)
Other, net	786,851	(108,165)	59,178	(117,059)


Loss before minority interest	(7,387,245)	(6,198,319)	(4,732,683)	(2,271,362)


MINORITY INTEREST IN EARNINGS OF SUBSIDIARIES	(295,250)	(449,689)	(59,258)	(50,101)


Net loss	$ (7,682,495)	$ (6,648,008)	$ (4,791,941)	$ (2,321,463)



Basic and diluted loss per common share	$ (0.28)	$ (0.32)	$ (0.17)	$ (0.11)


Weighted average common and common equivalent shares outstanding – basic and diluted	26,989,284	20,607,249	28,336,820	20,798,722

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