<PAGE>
Exhibit 99.2
USA Networks, Inc. (the "Company" or "USAi") is a holding company, the
subsidiaries of which are engaged in diversified media and electronic commerce
businesses.
In the third quarter of 1997, the Company acquired a controlling
interest in Ticketmaster through the issuance of Common Stock to Paul G. Allen
and purchases of Ticketmaster shares in the open market for total consideration
of $210.0 million (the "Ticketmaster Acquisition"). In connection with the
issuance of new shares to Mr. Allen, the Company also issued shares of the
Company's Class B common stock in accordance with Liberty's contingent right to
receive such shares as part of the Home Shopping Merger in 1996.
In connection with the Ticketmaster tax-free merger, as of June 24,
1998, the Company issued 31,934,400 shares of Common Stock to the public
shareholders of Ticketmaster and converted 3.6 million options to acquire
Ticketmaster common stock into options to acquire Common Stock for a total
consideration of $467.7 million. The acquisition of the controlling interest in
Ticketmaster and the tax-free merger are collectively referred to as the
"Ticketmaster Transaction."
On July 16, 1998, the Company sold the assets of SF Broadcasting,
which owned and operated four television stations (the "SF Broadcasting
Transaction").
On February 12, 1998, the Company acquired USA Networks, a New York
general partnership, consisting of cable television networks USA Network and
Sci-Fi Channel ("Networks"), as well as the domestic television production and
distribution businesses of Universal Studios ("Studios USA") from Universal
Studios, Inc. ("Universal"), an entity controlled by The Seagram Company Ltd.
("Seagram"), and the Company changed its name to USA Networks, Inc. (the
"Universal Transaction").
On September 28, 1998, pursuant to an Amended and Restated Agreement
and Plan of Reorganization among CitySearch, Inc. ("CitySearch"), the Company,
Ticketmaster and certain of its subsidiaries, the Company merged the online
ticketing operations of Ticketmaster (Ticketmaster.com) into a subsidiary of
CitySearch, a publisher of local city guides on the Web (the "CitySearch
Merger"), to create Ticketmaster Online-CitySearch, Inc. ("TMCS").
On May 10, 1999, the Company acquired substantially all of the assets
and assumed substantially all of the liabilities of two entities which operate
Hotel Reservations Network (the "Hotel Reservations Network Transaction").
On May 28, 1999, the Company acquired October Films, Inc. ("October
Films"), in which Universal owned a majority interest, and the domestic film
distribution and development business of Universal previously operated by
Polygram Filmed Entertainment, Inc. ("PFE") (the "October Films/PFE
Transaction").
On April 5, 2000, the Company acquired Precision Response Corporation
("PRC") (the "PRC Transaction").
On July 27, 2000 USAi and Styleclick.com Inc., a leading enabler of
e-commerce for manufacturers and retailers, completed the merger of Internet
Shopping Network ("ISN") and Styleclick.com (the "Styleclick Transaction").
For additional information on each of these transactions, see the
Company's filings on Form 10-K for the year ended December 31, 1999 and on Form
10-Q for the three months ended June 30, 2000.
The following unaudited pro forma operating results of USAi present
combined results of operations as if the Universal Transaction, Ticketmaster
Transaction, CitySearch Merger, the SF Broadcasting Transaction, the
Hotel Reservations Network Transaction, the October Films/PFE Transaction, the
PRC Transaction and the Styleclick Transaction and the consolidation of HOT
Germany all had occurred at the beginning of the periods presented.
The unaudited combined condensed pro forma statements of operations of
USAi are presented below for illustrative purposes only and are not necessarily
indicative of the results of operations that would have actually been reported
had any of the transactions occurred at the beginning of the periods presented,
nor are they necessarily indicative of future results of operations.
<PAGE>
USA NETWORKS, INC.
PRO FORMA SEGMENT RESULTS
$ IN MILLIONS; ROUNDING DIFFERENCES MAY EXIST.
<TABLE>
<CAPTION>
------------- --------------------------------------------------------------------
REVENUE 1998* 1999
------------- --------------------------------------------------------------------
YE 12/31 Q1 Q2 Q3 Q4 YE 12/31
------------- ------------- ------------- ------------- --------------------------
<S> <C> <C> <C> <C> <C> <C>
OPERATING BUSINESSES
Cable and studios 1,243.0 331.5 316.4 307.1 349.7 1,304.7
Electronic retailing - domestic 1,080.7 307.3 315.7 312.3 397.7 1,332.9
Electronic retailing - Germany 97.7 39.3 37.5 39.5 50.5 166.7
Ticketing 386.4 99.7 119.7 105.2 118.1 442.7
Hotel reservations 66.6 22.9 37.8 47.7 53.4 161.8
Teleservices 175.3 46.2 50.1 57.0 62.6 215.9
Other 15.8 4.1 2.8 0.0 0.0 6.9
------------- ------------- ------------- ------------- --------------------------
Sub-total 3,065.5 851.0 880.0 868.7 1,032.0 3,631.7
Emerging Businesses
Online city guides and related 16.8 5.8 6.9 9.7 14.0 36.3
Internet commerce 21.1 11.2 8.0 7.4 8.5 35.1
Electronic commerce services 0.7 3.2 5.1 6.2 5.8 20.2
Broadcasting 1.6 0.9 2.4 2.3 2.9 8.6
Electronic retailing - other int'l 2.8 1.5 2.3 2.5 2.7 8.9
Filmed entertainment 44.8 6.7 22.4 27.9 25.1 82.1
Emerging networks 0.0 0.2 0.2 0.3 0.5 1.2
------------- ------------- ------------- ------------- --------------------------
Sub-total 87.8 29.6 47.3 56.3 59.4 192.5
------------- ------------- ------------- ------------- --------------------------
Total 3,153.3 880.6 927.2 924.9 1,091.4 3,824.2
============= ============= ============= ============= ==========================
USA Network 676.8 175.0 184.7 195.3 202.7 757.7
SCI FI 148.0 40.5 48.2 46.0 63.8 198.5
Studios, net 418.2 116.1 83.5 65.8 83.2 348.6
------------- ------------- ------------- ------------- --------------------------
Cable and studios 1,243.0 331.5 316.4 307.1 349.7 1,304.7
------------- ------------- ------------- ------------- --------------------------
Operating Businesses
Entertainment 1,243.0 331.5 316.4 307.1 349.7 1,304.7
Electronic retailing 1,178.4 346.5 353.1 351.7 448.2 1,499.6
Information and services 628.3 168.9 207.6 209.8 234.1 820.5
Corporate and other 15.8 4.1 2.8 0.0 0.0 6.9
------------- ------------- ------------- ------------- --------------------------
Sub-total 3,065.5 851.0 880.0 868.7 1,032.0 3,631.7
------------- ------------- ------------- ------------- --------------------------
Emerging Businesses
Entertainment 46.4 7.8 25.0 30.5 28.5 91.8
Electronic retailing 2.8 1.5 2.3 2.5 2.7 8.9
Information and services 38.6 20.3 19.9 23.3 28.2 91.7
------------- ------------- ------------- ------------- --------------------------
Sub-total 87.8 29.6 47.3 56.3 59.4 192.5
------------- ------------- ------------- ------------- --------------------------
Total
Entertainment 1,289.4 339.3 341.4 337.6 378.1 1,396.5
Electronic retailing 1,181.2 348.0 355.4 354.2 450.9 1,508.6
Information and services 666.9 189.2 227.5 233.1 262.4 912.2
Corporate and other 15.8 4.1 2.8 0.0 0.0 6.9
------------- ------------- ------------- ------------- --------------------------
Total 3,153.3 880.6 927.2 924.9 1,091.4 3,824.2
============= ============= ============= ============= ==========================
<CAPTION>
* 1998 has not been adjusted to include shipping and handling revenue for HSN.
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
PRO FORMA SEGMENT RESULTS
$ IN MILLIONS; ROUNDING DIFFERENCES MAY EXIST.
-----------------------------------------------------------------
REVENUE 2000
-----------------------------------------------------------------
Q1 Q2 Q3 Q4 YTD 9/30
------------ ------------ ------------- ------------ ------------
<S> <C> <C> <C> <C>
OPERATING BUSINESSES
Cable and studios 379.0 390.7 336.0 1,105.7
Electronic retailing - domestic 358.5 344.0 368.8 1,071.2
Electronic retailing - Germany 57.9 50.5 53.8 162.2
Ticketing 128.0 143.0 124.9 395.9
Hotel reservations 55.3 78.1 94.6 228.0
Teleservices 69.6 70.2 70.2 210.0
Other 0.7 0.4 0.5 1.6
------------ ------------ ------------- ------------ ------------
Sub-total 1,048.9 1,076.8 1,048.9 3,174.6
Emerging Businesses
Online city guides and related 17.0 20.2 21.6 58.8
Internet commerce 7.9 6.3 5.3 19.4
Electronic commerce services 4.7 3.8 7.2 15.6
Broadcasting 3.6 4.7 5.3 13.6
Electronic retailing - other int'l 3.2 3.2 3.9 10.3
Filmed entertainment 30.3 20.8 14.5 65.5
Emerging networks 0.6 3.7 8.6 12.9
------------ ------------ ------------- ------------ ------------
Sub-total 67.2 62.8 66.3 196.2
------------ ------------ ------------- ------------ ------------
Total 1,116.1 1,139.6 1,115.2 3,370.8
============ ============ ============= ============ ============
USA Network 196.9 208.9 200.5 606.4
SCI FI 62.4 71.3 64.6 198.3
Studios, net 119.6 110.5 71.0 301.1
------------ ------------ ------------- ------------ ------------
Cable and studios 379.0 390.7 336.0 1,105.7
------------ ------------ ------------- ------------ ------------
Operating Businesses
Entertainment 379.0 390.7 336.0 1,105.7
Electronic retailing 416.4 394.4 422.6 1,233.4
Information and services 252.9 291.3 289.7 833.9
Corporate and other 0.7 0.4 0.5 1.6
------------ ------------ ------------- ------------ ------------
Sub-total 1,048.9 1,076.8 1,048.9 3,174.6
------------ ------------ ------------- ------------ ------------
Emerging Businesses
Entertainment 34.5 29.2 28.3 92.0
Electronic retailing 3.2 3.2 3.9 10.3
Information and services 29.5 30.3 34.0 93.9
------------ ------------ ------------- ------------ ------------
Sub-total 67.2 62.8 66.3 196.2
------------ ------------ ------------- ------------ ------------
Total
Entertainment 413.5 419.9 364.4 1,197.7
Electronic retailing 419.6 397.7 426.5 1,243.8
Information and services 282.4 321.6 323.7 927.8
Corporate and other 0.7 0.4 0.5 1.6
------------ ------------ ------------- ------------ ------------
Total 1,116.1 1,139.6 1,115.2 3,370.8
============ ============ ============= ============ ============
</TABLE>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
<PAGE>
USA NETWORKS, INC.
PRO FORMA SEGMENT RESULTS
$ IN MILLIONS; ROUNDING DIFFERENCES MAY EXIST.
<TABLE>
<CAPTION>
------------- --------------------------------------------------------------------
EBITDA 1998 1999
------------- --------------------------------------------------------------------
YE 12/31 Q1 Q2 Q3 Q4 YE 12/31
------------- ------------- ------------- ------------- --------------------------
<S> <C> <C> <C> <C> <C> <C>
OPERATING BUSINESSES
Cable and studios 330.3 109.5 105.7 92.8 125.9 433.9
Electronic retailing - domestic 180.2 42.1 48.2 50.1 74.3 214.7
Electronic retailing - Germany (10.7) 3.6 1.9 3.7 7.0 16.3
Ticketing 8.9 19.5 27.2 21.3 25.4 93.3
Hotel reservations 10.9 3.4 5.8 6.6 8.7 24.5
Teleservices 19.6 5.8 6.5 8.3 9.8 30.4
Corporate and other (21.6) (7.2) (12.0) (6.3) (10.7) (36.2)
------------- ------------- ------------- ------------- --------------------------
Sub-total 517.6 176.7 183.2 176.5 240.4 776.9
------------- ------------- ------------- ------------- --------------------------
Executive consulting arrangement
Emerging Businesses
Online city guides and related (29.0) (8.9) (13.9) (17.7) (20.4) (60.8)
Internet commerce (15.8) (6.9) (15.4) (12.8) (18.4) (53.6)
Electronic commerce services (1.0) (0.2) 0.4 0.5 (3.2) (2.4)
Broadcasting (23.0) (9.2) (11.7) (9.5) (17.9) (48.3)
Electronic retailing - other int'l (12.5) (0.7) (1.6) (1.7) (0.5) (4.5)
Filmed entertainment 2.6 (1.0) 1.2 1.7 2.8 4.7
Emerging networks 0.0 (0.6) (0.5) (0.8) (1.1) (3.0)
------------- ------------- ------------- ------------- --------------------------
Sub-total (78.7) (27.4) (41.6) (40.2) (58.7) (167.9)
------------- ------------- ------------- ------------- --------------------------
Total 438.9 149.4 141.7 136.3 181.7 608.9
============= ============= ============= ============= ==========================
USA Network 237.3 70.7 84.9 69.5 87.0 312.1
SCI FI 44.6 15.7 9.9 13.4 29.9 68.9
Studios, net 48.4 23.1 10.9 9.9 9.0 52.9
------------- ------------- ------------- ------------- --------------------------
Cable and studios 330.3 109.5 105.7 92.8 125.9 433.9
------------- ------------- ------------- ------------- --------------------------
Operating Businesses
Entertainment 330.3 109.5 105.7 92.8 125.9 433.9
Electronic retailing 169.5 45.7 50.1 53.9 81.3 230.9
Information and services 39.4 28.8 39.4 36.1 43.9 148.3
Corporate and other (21.6) (7.2) (12.0) (6.3) (10.7) (36.2)
------------- ------------- ------------- ------------- --------------------------
Total 517.6 176.7 183.2 176.5 240.4 776.9
------------- ------------- ------------- ------------- --------------------------
Emerging Businesses
Entertainment (20.4) (10.8) (11.1) (8.5) (16.2) (46.6)
Electronic retailing (12.5) (0.7) (1.6) (1.7) (0.5) (4.5)
Information and services (45.8) (15.9) (28.9) (30.0) (42.0) (116.8)
------------- ------------- ------------- ------------- -------------------------
Sub-total (78.7) (27.4) (41.6) (40.2) (58.7) (167.
------------- ------------- ------------- ------------- --------------------------
Total
Entertainment 309.9 98.7 94.6 84.3 109.7 387.3
Electronic retailing 157.0 45.1 48.5 52.1 80.7 226.4
Information and services (6.4) 12.8 10.6 6.1 1.9 31.5
Corporate and other (21.6) (7.2) (12.0) (6.3) (10.7) (36.2)
------------- ------------- ------------- ------------- --------------------------
Total 438.9 149.4 141.7 136.3 181.7 608.9
============= ============= ============= ============= ==========================
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
<CAPTION>
-----------------------------------------------------------------
EBITDA 2000
-----------------------------------------------------------------
Q1 Q2 Q3 Q4 YTD 9/30
------------ ------------ ------------- ------------ ------------
<S> <C> <C> <C> <C>
OPERATING BUSINESSES
Cable and studios 138.8 139.4 118.5 396.6
Electronic retailing - domestic 55.7 52.5 53.8 162.0
Electronic retailing - Germany 7.6 4.2 4.9 16.7
Ticketing 27.4 31.6 20.1 79.0
Hotel reservations 8.2 12.9 13.9 35.0
Teleservices 9.5 11.9 11.1 32.5
Corporate and other (11.0) (7.7) (7.5) (26.2)
------------ ------------ ------------- ------------ ------------
Sub-total 236.1 244.7 214.8 695.6
------------ ------------ ------------- ------------ ------------
Executive consulting arrangement (11.6) (11.6)
Emerging Businesses
Online city guides and related (17.9) (15.6) (14.3) (47.8)
Internet commerce (10.7) (15.2) (8.7) (34.6)
Electronic commerce services (5.6) (6.3) (8.0) (19.8)
Broadcasting (11.8) (15.9) (13.6) (41.3)
Electronic retailing - other int'l (1.1) (2.2) (4.2) (7.5)
Filmed entertainment 2.2 (2.3) (5.8) (6.0)
Emerging networks (2.3) (2.0) (0.3) (4.6)
------------ ------------ ------------- ------------ ------------
Sub-total (47.1) (59.4) (55.0) (161.5)
------------ ------------ ------------- ------------ ------------
Total 189.0 173.7 159.8 522.5
============ ============ ============= ============ ============
USA Network 97.1 105.4 87.2 289.6
SCI FI 24.2 24.9 22.4 71.5
Studios, net 17.5 9.1 8.8 35.4
------------ ------------ ------------- ------------ ------------
Cable and studios 138.8 139.4 118.5 396.6
------------ ------------ ------------- ------------ ------------
Operating Businesses
Entertainment 138.8 139.4 118.5 396.6
Electronic retailing 63.3 56.6 58.7 178.7
Information and services 45.0 56.4 45.1 146.5
Corporate and other (11.0) (19.3) (7.5) (37.8)
------------ ------------ ------------- ------------ ------------
Total 236.1 233.1 214.8 684.0
------------ ------------ ------------- ------------ ------------
Emerging Businesses
Entertainment (11.9) (20.3) (19.7) (51.8)
Electronic retailing (1.1) (2.2) (4.2) (7.5)
Information and services (34.1) (37.0) (31.0) (102.2)
------------ ------------ ------------- ------------ ------------
Sub-total (47.1) (59.4) (55.0) (161.5)
------------ ------------ ------------- ------------ ------------
Total
Entertainment 126.9 119.1 98.7 344.7
Electronic retailing 62.2 54.5 54.5 171.2
Information and services 10.9 19.4 14.0 44.3
Corporate and other (11.0) (19.3) (7.5) (37.8)
------------ ------------ ------------- ------------ ------------
Total 189.0 173.7 159.8 522.5
============ ============ ============= ============ ============
</TABLE>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
<PAGE>
USA NETWORKS, INC.
PRO FORMA RESULTS OF OPERATIONS (AS REPORTED)
$ IN MILLIONS; ROUNDING DIFFERENCES MAY EXIST.
<TABLE>
<CAPTION>
------------- ----------------------------------------------------------------------
P&L 1998 1999
------------- ----------------------------------------------------------------------
YE 12/31 * Q1 * Q2* Q3* Q4 * YE 12/31 *
------------- -------------- ------------- ------------- ------------- ------------
Date Reported: 02/03/00 04/27/00 07/26/00 10/26/00 02/03/00 02/03/00
<S> <C> <C> <C> <C> <C> <C>
Revenues, net 2,879.7 793.2 889.4 924.9 936.1 3,290.7
Operating costs and expenses:
Costs related to revenues 1,694.7 404.8 468.7 494.7 544.3 1,908.7
Other costs and expenses 693.1 244.9 274.5 293.9 220.1 804.5
Amort. of non-cash distribution
and marketing expense 0.0 0.0 0.0 0.0 0.0 0.0
Depreciation 94.9 25.6 28.8 31.7 29.9 107.4
Amortization of goodwill 226.3 62.8 78.4 91.8 80.2 262.2
------------- -------------- ------------- ------------- ------------- -----------
Total operating costs 2,709.0 738.0 850.3 912.1 874.5 3,082.8
------------- -------------- ------------- ------------- ------------- -----------
Operating income 170.6 55.2 39.0 12.8 61.7 208.0
Interest expense, net (119.6) (13.0) (15.7) (12.4) (10.9) (51.6)
Gain on disposition of television station 74.9 0.0 0.0 0.0 0.0 0.0
Gain on sale of securities 109.0 47.3 3.0 39.5 0.0 89.7
Other, net (23.4) 7.3 (8.8) (3.6) 3.8 5.8
------------- -------------- ------------- ------------- ------------- -----------
40.9 41.6 (21.4) 23.4 (7.1) 43.9
------------- -------------- ------------- ------------- ------------- -----------
Earnings before income taxes and
minority interest 211.5 96.8 17.6 36.2 54.6 251.9
Income tax expense (118.4) (21.4) (13.7) (21.8) (25.6) (88.3)
Minority interest (70.3) (74.1) (27.9) (33.9) (46.7) (197.3)
============= ============== ============= ============= ============= ===========
Net income (loss) 22.8 1.3 (24.0) (19.5) (17.8) (33.7)
============= ============== ============= ============= ============= ===========
Weighted average diluted shares 318.4 361.2 388.9 357.8 336.4 328.3
============= ============== ============= ============= ============= ===========
Weighted average fully converted shares 595.2 707.6 735.2 757.3 739.4 721.5
============= ============== ============= ============= ============= ===========
Basic earnings per share $ .07 $ .00 $ (.07) $ (.05) $ (.05) $ (.10)
============= ============== ============= ============= ============= ===========
Diluted earnings per share $ .07 $ .00 $ (.07) $ (.05) $ (.05) $ (.10)
============= ============== ============= ============= ============= ===========
Fully converted earnings per share $ .13 $ .07 $ (.00) $ .02 $ .03 $ .16
============= ============== ============= ============= ============= ===========
EBITDA 491.9 143.6 146.2 136.3 171.8 577.5
============= ============== ============= ============= ============= ===========
Excluding one-time charges and non-operating gains:
Basic and diluted earnings per share $ (.28) $ (.03) $ (.08) $ (.08) $ (.05) $ (.16)
============= ============== ============= ============= ============= ===========
Fully converted earnings per share $ (.04) $ .03 $ (.01) $ (.01) $ .03 $ .09
============= ============== ============= ============= ============= ===========
</TABLE>
*AS REPORTED. MAY NOT AGREE WITH PRO FORMA REVENUE AND EBITDA RESULTS ABOVE.
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
<PAGE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------
P&L 2000
--------------------------------------------------------------------
Q1 * Q2 * Q3 Q4 YE 12/31
------------- ------------- ------------- ------------- ------------
Date Reported: 04/27/00 07/26/00 10/26/00
<S> <C> <C> <C>
Revenues, net 1,002.8 1,098.1 1,115.2
Operating costs and expenses:
Costs related to revenues 574.7 638.8 673.6
Other costs and expenses 243.8 280.1 281.8
Amort. of non-cash distribution
and marketing expense 0.8 1.6 2.7
Depreciation 34.5 42.9 46.3
Amortization of goodwill 81.8 96.7 108.9
------------- ------------- ------------- ------------- ------------
Total operating costs 935.5 1,060.0 1,113.3
------------- ------------- ------------- ------------- ------------
Operating income 67.3 38.0 1.9
Interest expense, net (8.6) (8.8) (9.6)
Gain on disposition of television station 0.0 0.0 0.0
Gain on sale of securities 0.0 0.0 0.0
Other, net (0.6) (1.9) 69.9
------------- ------------- ------------- ------------- ------------
(9.3) (10.7) 60.3
------------- ------------- ------------- ------------- ------------
Earnings before income taxes and
minority interest 58.1 27.3 62.2
Income tax expense (31.5) (19.0) (23.0)
Minority interest (45.4) (36.9) (58.6)
============= ============= ============= ============= ============
Net income (loss) (18.9) (28.6) (19.5)
============= ============= ============= ============= ============
Weighted average diluted shares 337.5 362.0 367.8
============= ============= ============= ============= ============
Weighted average fully converted shares 728.1 748.5 754.8
============= ============= ============= ============= ============
Basic earnings per share $ (.06) $ (.08) $ (.05)
============= ============= ============= ============= ============
Diluted earnings per share $ (.06) $ (.08) $ (.05)
============= ============= ============= ============= ============
Fully converted earnings per share $ .03 $ .01 $ .04
============= ============= ============= ============= ============
EBITDA 184.3 179.2 159.8
============= ============= ============= ============= ============
Excluding one-time charges and non-operating gains:
Basic and diluted earnings per share $ (.06) $ (.07) $ (.10)
============= ============= ============= ============= ============
Fully converted earnings per share $ .03 $ .01 $ (.02)
============= ============= ============= ============= ============
</TABLE>
* AS REPORTED. MAY NOT AGREE WITH PROFORMA REVENUE AND EBITDA RESULTS ABOVE.
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
<PAGE>
USA NETWORKS, INC.
DIVISIONAL OPERATING METRICS
IN MILLIONS EXCEPT PERCENTAGES AND RATINGS.
<TABLE>
<CAPTION>
----------- ----------- ---------------------------------------------------------------
1997 1998 1999
----------- ----------- ---------------------------------------------------------------
YE YE Q1 Q2 Q3 Q4 YE
----------- ----------- ---------------------------------------------------------------
USA NETWORK
<S> <C> <C> <C> <C> <C> <C> <C>
Advertising revenue 53% 53% 54% 56% 59% 58% 56%
Affiliate revenue 47% 47% 46% 44% 41% 42% 44%
Average primetime rating 2.0 2.3 2.6 2.6 2.3 2.2 2.4
Households (end of period) 72.4 75.1 75.3 75.7 76.9 77.2 77.2
<CAPTION>
--------------------------------------
2000
--------------------------------------
Q1 Q2 Q3
--------------------------------------
USA NETWORK
<S> <C> <C> <C>
Advertising revenue 57% 58% 57%
Affiliate revenue 43% 42% 43%
Average primetime rating 2.4 2.2 2.0
Households (end of period) 77.4 78.2 79.4
<CAPTION>
----------- ----------- ---------------------------------------------------------------
1997 1998 1999
----------- ----------- ---------------------------------------------------------------
YE YE Q1 Q2 Q3 Q4 YE
----------- ----------- ---------------------------------------------------------------
SCI FI CHANNEL
<S> <C> <C> <C> <C> <C> <C> <C>
Advertising revenue 56% 56% 55% 61% 57% 62% 59%
Affiliate revenue 44% 44% 45% 39% 43% 48% 41%
Average primetime rating 0.7 0.7 0.7 0.7 0.8 0.9 0.8
Households (end of period) 46.7 52.6 54.4 55.9 58.4 59.7 59.7
<CAPTION>
--------------------------------------
2000
--------------------------------------
Q1 Q2 Q3
--------------------------------------
SCI FI CHANNEL
Advertising revenue 64% 66% 62%
Affiliate revenue 36% 34% 38%
Average primetime rating 0.9 0.8 0.9
Households (end of period) 60.5 62.7 65.1
</TABLE>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
USA Network and SCI FI ratings and household delivery data are sourced from
NMR Galaxy Explorer. Subscriber counts are based on Nielsen People Meter
Installed Samples.
<PAGE>
USA NETWORKS, INC.
DIVISIONAL OPERATING METRICS
IN MILLIONS EXCEPT PERCENTAGES.
<TABLE>
<CAPTION>
---------------------------------------------------------
1999
---------------------------------------------------------
Q1 Q2 Q3 Q4 YE
---------------------------------------------------------
HSN - DOMESTIC
<S> <C> <C> <C> <C> <C>
On-air gross profit 34.0% 33.7% 35.4% 34.0% 34.3%
Product mix:
Homegoods 47% 49% 46% 54% 49%
Jewelry 31% 27% 24% 26% 28%
Heath / Beauty 10% 12% 11% 10% 11%
Apparel / Accessories 12% 12% 19% 10% 12%
Units shipped 7.7 7.8 7.8 8.7 32.0
Return rate 22.8% 20.4% 19.1% 19.1% 20.3%
HSN cable / DBS HH (end of period) 54.8 56.8 57.6 60.6 60.6
HSN total HH (end of period) 71.0 72.7 73.0 73.7 73.7
<CAPTION>
--------------------------------------
2000
--------------------------------------
Q1 Q2 Q3
--------------------------------------
HSN - DOMESTIC
<S> <C> <C> <C>
On-air gross profit 33.6% 34.7% 34.7%
Product mix:
Homegoods 50% 47% 49%
Jewelry 27% 28% 26%
Heath / Beauty 11% 13% 10%
Apparel / Accessories 12% 12% 15%
Units shipped 8.2 7.8 8.2
Return rate 20.9% 19.6% 20.2%
HSN cable / DBS HH (end of period) 62.0 63.2 64.6
HSN total HH (end of period) 75.2 76.4 75.9
</TABLE>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
<PAGE>
USA NETWORKS, INC.
DIVISIONAL OPERATING METRICS
IN MILLIONS EXCEPT REVENUE PER TICKET AND PERCENTAGES.
<TABLE>
<CAPTION>
----------- ----------- ---------------------------------------------------------------
1997 1998 1999
----------- ----------- ---------------------------------------------------------------
YE YE Q1 Q2 Q3 Q4 YE
----------- ----------- ---------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
TICKETMASTER
Number of tickets sold (mm) 65.8 68.6 19.1 19.9 17.6 18.4 75.0
Gross value of tickets sold (mm) $2,168 $2,340 $615 $756 $651 $759 $2,781
Share of tickets sold online 1.6% 4.3% 8.7% 13.5% 15.0% 18.4% 13.4%
Revenue per ticket- Combined $ 4.50 $4.66 $ 4.69 $ 5.36 $ 5.34 $ 5.62 $ 5.25
Revenue per ticket- Online $ 5.06 $5.45 $ 5.62 $ 6.68 $ 6.45 $ 6.46 $ 6.38
---------------------------------------
2000
---------------------------------------
Q1 Q2 Q3
---------------------------------------
<S> <C> <C> <C>
TICKETMASTER
Number of tickets sold (mm) 21.8 22.3 20.2
Gross value of tickets sold (mm) $812 $881 $782
Share of tickets sold online 20.5% 25.8% 25.2%
Revenue per ticket- Combined $5.44 $5.89 $5.67
Revenue per ticket- Online $6.49 $7.08 $6.72
</TABLE>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
<PAGE>
USA NETWORKS, INC.
DIVISIONAL OPERATING METRICS
<TABLE>
<CAPTION>
------------------------------------ -----------------------------------
1999 2000
------------------------------------ -----------------------------------
Q1 Q2 Q3 Q1 Q2 Q3
------------------------------------ -----------------------------------
<S> <C> <C> <C> <C> <C> <C>
HOTEL RESERVATIONS NETWORK
Hotel room nights sold (thousands) 181 291 374 429 587 717
Portion of revenues generated online 69% 81% 85% 91% 92% 94%
Affiliated revenues as % of total revenue 27% 41% 44% 53% 52% 53%
Cities served 27 37 38 49 60 83
</TABLE>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
