RENTRAK CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
		Six Months Ended September 30, 2004
		ENTERTAINMENT		FULFILLMENT		TOTAL
REVENUES		$           52,330,786		$                   -		$   52,330,786
OPERATING EXPENSES:
Cost of sales		38,631,258		6,039		38,637,297
Selling and administrative		8,749,184		20,222		8,769,406
		47,380,442		26,261		47,406,703
INCOME (LOSS) FROM OPERATIONS		4,950,344		(26,261)		4,924,083
OTHER INCOME (EXPENSE):
Interest income		42,009		68,648		110,657
Interest expense		(2,296)		-		(2,296)
		39,713		68,648		108,361
INCOME BEFORE TAXES		4,990,057		42,387		5,032,444
PROVISION FOR INCOME TAXES		1,821,371		15,471		1,836,842
NET INCOME		$            3,168,686		$            26,916		$     3,195,602
NET INCOME PER SHARE:
Basic		$                    0.33		$                0.00		$             0.33
Diluted		$                    0.31		$                0.00		$             0.31