RENTRAK CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
	Six Months Ended September 30, 2003
	(restated)
	ENTERTAINMENT		FULFILLMENT		TOTAL
REVENUES	$           28,893,805		$               5,154,443	(1)	$       33,518,104
OPERATING EXPENSES:
Cost of sales	21,201,605	(1)	6,253,033		26,924,494
Selling and administrative	7,730,663		740,595		8,471,258
	28,932,268		6,993,628		35,395,752
INCOME (LOSS) FROM OPERATIONS	(38,463)		(1,839,185)		(1,877,648)
OTHER INCOME (EXPENSE):
Interest income	51,703		71,164		122,867
Interest expense	(3,429)		(4,396)		(7,825)
	48,274		66,768		115,042
INCOME BEFORE TAXES	9,811		(1,772,417)		(1,762,606)
PROVISION FOR INCOME TAXES	2,452		(443,104)		(440,652)
NET INCOME	$                   7,359		$              (1,329,313)		$        (1,321,954)
NET INCOME PER SHARE:
Basic	$                    0.00		$                      (0.14)		$                (0.14)
Diluted	$                    0.00		$                      (0.14)		$                (0.14)
(1) -  Includes Intercompany transactions of $530,144, which are eliminated in consolidated total amounts.