RENTRAK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended March 31, 2004
ENTERTAINMENT FULFILLMENT TOTAL
REVENUES  $           24,230,449  $                      -    $   24,230,448
OPERATING EXPENSES:
   Cost of sales               17,479,513                 38,667        17,518,180
   Selling and administrative                 4,026,759                 27,542          4,054,301
              21,506,272                 66,209        21,572,481
INCOME FROM OPERATIONS                 2,724,176               (66,209)          2,657,967
OTHER INCOME (EXPENSE):
   Interest income                       19,456                 60,904               80,360
   Interest expense                        (1,344)                            -                (1,344)
                      18,112                 60,904               79,016
INCOME (LOSS) FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES
      PROVISION (BENEFIT)                 2,742,288                  (5,305)          2,736,983
PROVISION (BENEFIT) FOR INCOME TAXES                     685,836                  (2,016)             683,820
INCOME (LOSS) FROM CONTINUING
    OPERATIONS                 2,056,452                  (3,289)          2,053,163
INCOME FROM DISCONTINUED
    OPERATIONS, NET OF TAX PROVISION
    OF $0                                  -                            -                          -
NET INCOME  $             2,056,452  $             (3,289)  $      2,053,163
NET INCOME PER SHARE:
    Basic:
       Continuing operations  $                       0.22  $                      -    $                0.21
       Discontinued operations                                -                            -                          -  
           Total  $                       0.22  $                      -    $                0.21
    Diluted:
       Continuing operations  $                       0.20  $                      -    $                0.20
       Discontinued operations                                -                            -                          -  
           Total  $                       0.20  $                      -    $                0.20