RENTRAK CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
	Three Months Ended December 31, 2003
	(Restated)
	ENTERTAINMENT		FULFILLMENT		TOTAL
REVENUES	$         20,383,860		$                      -		$    20,383,860
OPERATING EXPENSES:
Cost of sales	16,176,252		(528,431)		15,647,821
Selling and administrative	3,834,164		(2,425)		3,831,739
	20,010,416		(530,856)		19,479,560
INCOME (LOSS) FROM OPERATIONS	373,444		530,856		904,300
OTHER INCOME (EXPENSE):
Interest income	24,762		16,263		41,025
Interest expense	(1,647)		(768)		(2,415)
	23,115		15,495		38,610
INCOME BEFORE TAXES	396,559		546,351		942,910
PROVISION FOR INCOME TAXES	99,140		136,588		235,727
INCOME FROM CONTINUING OPERATIONS	297,419		409,763		707,183
LOSS FROM DISCONTINUED OPERATIONS
NET OF TAX BENEFIT OF $78,850	(128,649)		-		(128,649)
NET INCOME	$              168,770		$              409,763		$        578,534
NET INCOME PER SHARE:
Basic	$                   0.02		$                   0.05		$              0.06
Diluted	$                   0.02		$                   0.05		$              0.06
(1) -  Includes Intercompany transactions of $530,144, which are eliminated in consolidated total amounts.