<PAGE>
EXHIBIT 11
ACTV, INC. AND SUBSIDIARIES
COMPUTATION OF LOSS PER SHARE
(UNAUDITED)
<TABLE>
<CAPTION>
SIX MONTHS THREE MONTHS
ENDED JUNE 30, ENDED JUNE 30,
------------------------------ ------------------------------
1999 2000 1999 2000
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
Weighted average shares outstanding ...... 35,859,875 44,915,893 39,711,671 45,771,909
------------ ------------ ------------ ------------
Total ........................... 35,859,875 44,915,893 39,711,671 45,771,909
============ ============ ============ ============
Net loss before extraordinary item ....... $(12,982,289) $(11,324,472) $ (5,601,821) $ (6,663,455)
------------ ------------ ------------ ------------
Extraordinary loss on early extinguishment
of debt .................................. -- (1,411,139) -- (1,411,139)
Net loss ................................. $(12,982,289) $(12,735,611) $ (5,601,821) $ (8,074,594)
============ ============ ============ ============
Basic and diluted loss per share before
extraordinary item ....................... $ (0.36) $ (0.25) $ (0.14) $ (0.15)
============ ============ ============ ============
Basic and diluted loss per share ......... $ (0.36) $ (0.28) $ (0.14) $ (0.18)
============ ============ ============ ============
</TABLE>
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