RENTRAK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
	Twelve Months Ended March 31, 2004
	ENTERTAINMENT		FULFILLMENT		TOTAL
REVENUES	$           73,508,114		$        5,154,443	(1)	$  78,132,413
OPERATING EXPENSES:
Cost of sales	54,857,368	(1)	5,763,269		60,090,493
Selling and administrative	15,591,587		765,712		16,357,299
	70,448,955		6,528,981		76,447,792
INCOME (LOSS) FROM OPERATIONS	3,059,159		(1,374,538)		1,684,621
OTHER INCOME (EXPENSE):
Interest income	95,921		148,331		244,252
Interest expense	(6,420)		(5,164)		(11,584)
	89,501		143,167		232,668
INCOME (LOSS) FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES
PROVISION (BENEFIT)	3,148,660		(1,231,371)		1,917,289
PROVISION (BENEFIT) FOR INCOME TAXES	946,817		(467,921)		478,896
INCOME (LOSS) FROM CONTINUING
OPERATIONS	2,201,843		(763,450)		1,438,393
LOSS FROM DISCONTINUED
OPERATIONS, NET OF TAX BENEFIT
OF $78,850	(128,649)		-		(128,649)
NET INCOME (LOSS)	$             2,073,194		$          (763,450)		$    1,309,744
NET INCOME (LOSS) PER SHARE:
Basic:
Continuing operations	$                       0.23		$                (0.08)		$              0.15
Discontinued operations	(0.01)		-		(0.01)
Total	$                       0.22		$                (0.08)		$              0.14
Diluted:
Continuing operations	$                       0.22		$                (0.08)		$              0.14
Discontinued operations	(0.01)		-		(0.01)
Total	$                       0.21		$                (0.08)		$              0.13
(1) -  Includes Intercompany transactions of $530,144, which are eliminated in consolidated total amounts.