SportsLine.com, Inc. Reports First Quarter Financial Results

Company Generates Strong Revenue and Site Traffic;

Positive Domestic EBITDA Projected for Fourth Quarter 2001



Apr 18, 2001, 01:00 ET from SportsLine.com, Inc.

    FORT LAUDERDALE, Fla., April 18 /PRNewswire/ --
 SportsLine.com, Inc. (Nasdaq:   SPLN), the leading global Internet sports media
 company and publisher of CBS SportsLine.com ( http://cbs.sportsline.com ),
 today announced its financial results for the first quarter ended March 31,
 2001.  Consolidated revenue increased 50% to $22.3 million in the first
 quarter of 2001, compared to pro forma consolidated revenue of $14.8 million
 in the same quarter of 2000.  The Company ended the quarter with $103 million
 of cash and marketable securities.
     The Company posted a consolidated net loss of $23.8 million, or $0.89 per
 share, for the quarter, compared to a pro forma consolidated net loss of
 $21.9 million, or $0.85 per share, in the same period last year.  Domestic net
 loss for the quarter was $15.2 million compared to pro forma domestic net loss
 of $16.8 million in the same quarter of 2000, a 10% improvement.  Pro forma
 consolidated revenue, EBITDA and net loss exclude revenue and cost of revenue
 from the MVP.com and Internet Sports Network (ISN) agreements, which were
 terminated in the fourth quarter of 2000, and the gain on sale of e-commerce
 subsidiaries in the first quarter of 2000.
     Domestic EBITDA (operating loss excluding depreciation and amortization
 expense) loss for the quarter was $5.3 million, a 43% improvement from the pro
 forma domestic EBITDA loss of $9.1 million in the first quarter of 2000.
 Although the Company realized a significant improvement in domestic EBITDA
 loss, consolidated EBITDA loss for the quarter was $13.4 million due to a 41%
 increase in Sports.com's first quarter EBITDA loss ($8.2 million in 2001
 compared to $5.8 million pro forma in 2000).
     Traffic to the Company's Web sites during March 2001 averaged
 approximately 25.2 million daily page views, more than double the March 2000
 average of approximately 12 million daily page views.  For the quarter,
 traffic grew 91% over the first quarter of 2000, averaging 17.4 million page
 views per day, compared to 9.1 million page views per day in the same quarter
 last year.  This upward trend is continuing in the second quarter of 2001, as
 the Company is averaging approximately 30 million daily page views through the
 first half of April.
     In recognition of the continued uncertainty in the advertising markets and
 overall downturn in the economy, SportsLine.com also announced today the
 implementation of several cost-saving initiatives.  Cost reductions will be
 accomplished through a variety of steps, most significantly in the areas of
 discretionary marketing and a 15-20% reduction in the Company's domestic
 workforce.  There have been no reductions in the Company's sales force, nor
 will the quality of the service be sacrificed.  These cost-saving initiatives
 are expected to bring SportsLine.com $8 to $10 million in savings on an
 annualized basis.  Based on these actions, the Company expects to record a
 one-time charge in the second quarter of 2001 of approximately $2 to
 $3 million.
     "While our first quarter results, achieved in a challenging operating
 environment, again prove the viability of our business, our ability to achieve
 similar results going forward is somewhat impaired by the spending slowdown in
 the advertising industry generally and the fact that the second quarter is
 seasonally weak in terms of major sporting events," said Michael Levy, founder
 and CEO of SportsLine.com, Inc.  "Therefore, we believe that it is prudent to
 reduce our top line revenue expectations for the near-term, while at the same
 time implementing difficult cost-reduction initiatives.  Our decisions were
 predicated on the following principles:  preserve the Company's cash reserves,
 endure the current economic downturn without sacrificing the quality of our
 service, continue to grow and position the Company for future growth, and
 achieve positive domestic operating cash flow in the fourth quarter of this
 year."
 
 
                         Pro Forma Financial Highlights
                     (in thousands, except per-share data)
                                  (unaudited)
 
                                       Three Months Ended
                          March 31, 2001                March 31, 2000 (a)
 
                    U.S.  Sports.com   Total       U.S.   Sports.com   Total
 
     Revenue      $20,142   $2,156    $22,298    $13,331    $1,511    $14,842
 
     Net loss    $(15,181) $(8,640)  $(23,821)  $(16,810)  $(5,077)  $(21,887)
 
     Basic and diluted
      net loss per share               $(0.89)                         $(0.85)
 
     Weighted average
      shares outstanding               26,822                          25,713
 
     EBITDA       $(5,260) $(8,188)  $(13,448)   $(9,148)  $(5,808)  $(14,956)
 
     Average
      page views
       per day     14,193    3,187     17,380      8,390       723      9,113
 
     (a) Excludes revenue and cost of revenue from the MVP.com and ISN
         agreements, which were terminated in the fourth quarter of 2000,
         and the gain on sale of subsidiaries in the first quarter of 2000.
 
 
     Revenue Continues Strong
     SportsLine.com's consolidated revenue of $22.3 million for the first
 quarter 2001 increased 50% compared to the pro forma consolidated revenue of
 $14.8 million posted in the first quarter of 2000.  Advertising accounted for
 $18.3 million or 82% of the Company's consolidated revenue for the quarter, a
 65% increase over the $11.0 million of pro forma advertising revenue for the
 first quarter of 2000.
 
     Record Sales for NCAA Tournament Coverage
     SportsLine.com generated more than $5 million in advertising revenues for
 coverage of the 2001 NCAA Men's Basketball Championship, establishing a
 Company sales record for a major event, and an increase of more than 30% over
 2000.  There were 35 sponsors for this year's tournament, comparable with the
 number in 2000, including Courtyard by Marriott, Sony, AT&T, Cingular, EMC,
 Enterprise, Holiday Inn, Honda, Intel, Miller Genuine Draft, Nextel, Nortel
 Networks, Principal Financial, Toyota, Volvo and XO Communications.
 
     Record Traffic for NCAA Tournament Coverage
     For the first two days of the NCAA Tournament, SportsLine.com received
 approximately 141 million page views, more than double last year's opening
 two-day total.  On March 15, the opening day of the tournament, SportsLine.com
 received approximately 73 million page views, and on March 16 it received
 68 million, with each day individually surpassing last year's opening two-day
 total of 65 million page views.  During the 23 days from CBS Sports'
 announcement of the tournament brackets on March 11 through the championship
 game on April 2, SportsLine.com received more than 650 million page views,
 more than double the total received during the same period last year.
 
     Speed, Reliability Mark SportsLine.com During Tournament
     According to both Gomez and Keynote Systems, SportsLine.com was the
 fastest and among the most reliable of all sports sites during the NCAA
 tournament.  The Gomez March Madness Web Site Performance Benchmark measured
 performance during four peak usage periods of the tournament.  SportsLine.com
 pages downloaded in an average of 1.5 seconds, 47% faster than the next best
 sports site, and more than twice as fast as the average download time.
 According to Keynote Systems, over the entire 23 days of the tournament, CBS
 SportsLine.com's NCAA Basketball home page downloaded on average in
 1.28 seconds, 69% faster than the next best sports site, and was one of
 several sites that was available more than 99% of the time.  Keynote also
 cited CBS SportsLine.com for "very high quality" video streams during the
 Final Four Weekend, "exceeding the average for video streams on the Keynote
 Streaming 20 Index."
 
     Database Continues to Grow
     The SportsLine.com database grew from 3.5 million unique registered users
 at the end of 2000 to approximately 4.5 million unique registered users at the
 end of March.  Key contributors during the quarter included the brackets
 contests and games during the NCAA Tournament which attracted more than
 one million participants, some of which were existing registered users, and
 the launch of SportsLine.com's free fantasy baseball products.
 
     USA Networks Partnership Announced
     In January, the Company announced a multi-year partnership with USA
 Networks' Electronic Commerce Solutions (ECS) whereby ECS will build and
 service SportsLine.com's retail infrastructure.  The partnership will allow
 SportsLine.com to continue to leverage its audience to ensure high margin
 sponsorship revenue with low risk, while enabling the Company to access a
 powerful group of promotional assets.  The companies will create and implement
 cross-promotion and database marketing plans that will promote the store
 throughout USA Networks' media properties, including cable properties, such as
 USA Network and SCIFI Channel, as well as its Internet assets such as
 Ticketmaster.com, Citysearch.com, Match.com and hoteldiscount.com among
 others.  The new e-commerce site is scheduled to launch during the second
 quarter.
 
     NBA Partnership Established
     In January, the Company and the NBA announced a multi-year global
 partnership which encompasses a variety of strategic initiatives including
 licensing rights; real-time scoring and statistics; a presenting sponsorship
 of "The NBA Beat," the NBA's interactive talk show; the production of a
 fantasy game for NBA.com; and various cross-promotional opportunities.
 
     Major League Baseball Relationship Extended
     Also in January, the Company announced an extension of its agreement with
 Major League Baseball.  The multi-year agreement provides for MLB Advanced
 Media to become a sponsor within CBS SportsLine.com's Major League Baseball
 arena, promoting MLB.com.  SportsLine.com will also produce the official
 fantasy baseball games for MLB.com, utilizing its award winning
 Commissioner.com fantasy products.  Following a transition period, MLB
 Advanced Media assumed the responsibility for the production of MLB.com.
 
     SportsLine.com Publishes SUPERBOWL.COM
     As part of its expanded relationship with the NFL announced in July 2000,
 SportsLine.com produced SUPERBOWL.COM, the official Web site of Super Bowl
 XXXV, in partnership with the NFL and CBS Sports.  Along with presenting
 sponsor Miller Lite, other advertisers on the site were Accenture, Coca-Cola,
 E*TRADE, Ford, Frito-Lay, Gallo, GoTampa.com, RCA and Southwest Airlines.  The
 site featured on-line voting for the game's MVP, which attracted more than
 430,000 votes and enabled fans to assist the media in selecting the winner.
 During Super Bowl week, site traffic increased by nearly 80% compared to the
 same period last year.
 
     Wireless Initiatives Expanded
     During the quarter, SportsLine.com continued to expand its reach into
 wireless with new relationships to provide content to Nextel, OmniSky and AT&T
 Wireless Services.  These new agreements also provide for revenue for the
 Company related to advertising buys.
 
     Sports.com Update
     Sports.com continued to achieve revenue and traffic gains in the first
 quarter of 2001.  Sports.com is also being affected by the downturn in the
 economy, and is in the process of reducing expenses to preserve cash, while
 maintaining its leadership position in Europe.  Sports.com continues to pursue
 additional private financing; however, due to current financial market
 conditions the success of the funding cannot be assured.  SportsLine.com has
 no obligation to provide additional funding to Sports.com beyond its existing
 $2.5 million investment.
 
     Business Outlook
     Management expects consolidated revenue for the full year 2001 to be
 $90 to $95 million, with domestic operations expected to account for
 approximately 80 to 85%, and domestic advertising anticipated to account for
 approximately 70% of consolidated revenue.  The Company anticipates that
 approximately 75 to 80% of its domestic advertising revenue will come from
 traditional media sponsors, up from 70% in 2000.  In the second quarter of
 2001, SportsLine.com expects consolidated revenue between $18 and $20 million.
 For the full year 2001, the Company anticipates consolidated gross margins to
 be in the 50% range and domestic gross margins to be approximately 60 to 65%,
 with gross margins expected to fluctuate from quarter to quarter.
     The Company expects to reach positive EBITDA for its domestic operations
 in the fourth quarter of 2001.  For the full year 2001, the domestic EBITDA
 loss is projected to be in the $14 to $16 million range, and the consolidated
 EBITDA loss for the full year is expected to be $45 to $50 million, consistent
 with previous estimates.
     The Company expects a loss per share of $3.20 to $3.30 for the full year
 2001, and a loss per share of $0.90 to $0.95 in the second quarter of 2001.
     These business outlook statements, as well as other forward looking
 statements in this press release, are based on current expectations as of
 today only.  Due to economic and advertising market variables, among other
 factors, actual results could be above or below the stated outlook.
 SportsLine.com makes these statements as of today and undertakes no obligation
 to update these statements.  While it is currently expected that these
 business outlook statements will not be updated prior to the release of
 SportsLine.com's next quarterly earnings announcement, the Company reserves
 the right to update the outlook for any reason during the quarter, including
 the occurrence of material events.
 
     Conference Call
     SportsLine.com will host a conference call to discuss first quarter 2001
 results today at 11:00 a.m. Eastern Time.  A live Web cast of the conference
 call will be available on StreetFusion ( http://www.streetfusion.com ) and
 Yahoo Finance ( http://broadcast.yahoo.com ).  In addition, a replay of the
 call will be available for 90 days following the conference call at
 StreetFusion.
 
     About SportsLine.com, Inc.
     SportsLine.com, Inc. (Nasdaq:   SPLN) is at the leading edge of media
 companies providing Internet sports content, community and e-commerce on a
 global basis.  SportsLine.com, Inc.'s content includes more than one million
 pages of multimedia sports information, entertainment and merchandise.  The
 Company's flagship Internet sports service ( http://cbs.sportsline.com ) was
 renamed CBS SportsLine.com as part of an exclusive promotional and content
 agreement with CBS in March 1997.  SportsLine.com, Inc. has strategic
 relationships with the NFL, Major League Baseball, the NBA and the PGA TOUR
 and serves as the primary sports content provider for America Online and
 Netscape.  In 1999, the Company commenced operations in Europe through its
 subsidiary, Sports.com Limited.
 
     Note:  This press release contains forward-looking statements, which
 involve risks and uncertainties.  SportsLine.com's actual results could differ
 materially from those anticipated in these forward-looking statements.
 Factors that might cause or contribute to such differences include, among
 others, competitive pressures, the growth rate of the Internet, constantly
 changing technology and market acceptance of the company's products and
 services.  Investors are also directed to consider the other risks and
 uncertainties discussed in SportsLine.com's Securities and Exchange Commission
 filings, including those discussed under the caption "Risk Factors That May
 Affect Future Results" in SportsLine.com's latest Annual Report on Form 10-K.
 SportsLine.com undertakes no obligation to publicly release the result of any
 revisions to these forward-looking statements, which may be made to reflect
 events or circumstances after the date hereof or to reflect the occurrence of
 unanticipated events.
 
 
                              SportsLine.com, Inc.
            Pro Forma Condensed Consolidated Statement of Operations
                     (in thousands, except per-share data)
                                  (unaudited)
 
                                        Three Months Ended
                               March 31, 2001            March 31, 2000 (a)
 
                       U.S.   Sports.com   Total     U.S.   Sports.com  Total
     Revenue
      Advertising    $17,288     $982    $18,270   $10,066     $975   $11,041
      Subscription
       services        1,123       --      1,123     1,198       14     1,212
      Licensing and
       other           1,731    1,174      2,905     2,067      522     2,589
      Total revenue   20,142    2,156     22,298    13,331    1,511    14,842
 
     Cost of revenue   6,884    4,279     11,163     5,476    2,219     7,695
 
     Gross profit
      (loss)          13,258   (2,123)    11,135     7,855     (708)    7,147
 
     Operating expenses:
      Product
       development       521       --        521       441       --       441
      Sales and
       marketing      10,973    3,135     14,108     9,500    2,550    12,050
      General and
       administrative  7,024    2,930      9,954     7,062    2,550     9,612
      Depreciation and
       amortization   10,945      769     11,714     9,488      762    10,250
 
      Total operating
       expenses       29,463    6,834     36,297    26,491    5,862    32,353
 
     Loss from
      operations     (16,205)  (8,957)   (25,162)  (18,636)  (6,570)  (25,206)
 
     Net interest
      and other
       income          1,024      317      1,341     1,826    1,493     3,319
 
     Net loss       $(15,181) $(8,640)  $(23,821) $(16,810) $(5,077) $(21,887)
 
     Basic and diluted
      net loss per share                  $(0.89)                      $(0.85)
 
     Average shares
      outstanding                         26,822                       25,713
 
     EBITDA          $(5,260) $(8,188)  $(13,448)  $(9,148) $(5,808) $(14,956)
 
     Gross margin         66%     (98)%       50%       59%     (47)%      48%
 
     (a) Excludes revenue and cost of revenue from the MVP.com and ISN
         agreements, which were terminated in the fourth quarter of 2000,
         and the gain on sale of subsidiaries in the first quarter of 2000.
 
 
                              SportsLine.com, Inc.
                 Condensed Consolidated Statement of Operations
                     (in thousands, except per-share data)
                                  (unaudited)
 
                                        Three Months Ended
                             March 31, 2001               March 31, 2000
 
                       U.S.   Sports.com   Total     U.S.   Sports.com  Total
     Revenue
      Advertising    $17,288     $982    $18,270   $17,901     $975   $18,876
      Subscription
       services        1,123       --      1,123     1,199       14     1,213
      Licensing and
       other           1,731    1,174      2,905     2,067      522     2,589
      Total revenue   20,142    2,156     22,298    21,167    1,511    22,678
 
     Cost of revenue   6,884    4,279     11,163     6,435    2,219     8,654
 
     Gross profit
      (loss)          13,258   (2,123)    11,135    14,732     (708)   14,024
 
     Operating expenses:
      Product
       development       521       --        521       441       --       441
      Sales and
       marketing      10,973    3,135     14,108     9,500    2,550    12,050
      General and
       administrative  7,024    2,930      9,954     7,062    2,550     9,612
      Depreciation and
       amortization   10,945      769     11,714     9,488      762    10,250
      Total operating
       expenses       29,463    6,834     36,297    26,491    5,862    32,353
 
     Loss from
      operations     (16,205)  (8,957)   (25,162)  (11,759)  (6,570)  (18,329)
 
     Loss on equity
      investments        (25)      --        (25)       --       --        --
 
     Gain on sale of
      subsidiaries        --       --         --     7,814       --     7,814
 
     Net interest and
      other income     1,049      317      1,366     1,826    1,493     3,319
 
     Net income
      (loss)         (15,181)  (8,640)   (23,821)   (2,119)  (5,077)   (7,196)
 
     Basic and diluted
      net loss per share                  $(0.89)                      $(0.28)
 
     Basic average
      shares outstanding                  26,822                       25,713
 
     EBITDA          $(5,260) $(8,188)  $(13,448)  $(2,271) $(5,808)  $(8,079)
 
     Gross margin         66%     (98)%       50%       70%     (47)%      62%
 
 
                              SportsLine.com, Inc.
                     Condensed Consolidated Balance Sheets
                                 (in thousands)
                                  (unaudited)
 
                                                     March 31,    December 31,
                                                       2001           2000
     Assets:
      Cash and short-term marketable securities       $102,365      $125,765
      Current deferred advertising and content-CBS      13,537        17,287
      Receivables, prepaids and other current assets    26,713        23,725
        Total Current Assets                           142,615       166,777
 
      Non-current marketable securities                    614           297
      Property and equipment, net                       19,276        19,703
      Long-term deferred advertising and content-CBS    10,857        11,428
      Licensing rights and other assets                 12,187         8,416
      Goodwill                                          49,689        51,550
                                                      $235,238      $258,171
 
     Liabilities and Shareholders' Equity:
      Current liabilities                              $34,651       $39,657
      Long-term convertible notes                       19,608        19,608
      Minority interest in Sports.com                   59,809        59,809
      Shareholders' equity                             121,170       139,097
                                                      $235,238      $258,171
 
 

SOURCE SportsLine.com, Inc.
    FORT LAUDERDALE, Fla., April 18 /PRNewswire/ --
 SportsLine.com, Inc. (Nasdaq:   SPLN), the leading global Internet sports media
 company and publisher of CBS SportsLine.com ( http://cbs.sportsline.com ),
 today announced its financial results for the first quarter ended March 31,
 2001.  Consolidated revenue increased 50% to $22.3 million in the first
 quarter of 2001, compared to pro forma consolidated revenue of $14.8 million
 in the same quarter of 2000.  The Company ended the quarter with $103 million
 of cash and marketable securities.
     The Company posted a consolidated net loss of $23.8 million, or $0.89 per
 share, for the quarter, compared to a pro forma consolidated net loss of
 $21.9 million, or $0.85 per share, in the same period last year.  Domestic net
 loss for the quarter was $15.2 million compared to pro forma domestic net loss
 of $16.8 million in the same quarter of 2000, a 10% improvement.  Pro forma
 consolidated revenue, EBITDA and net loss exclude revenue and cost of revenue
 from the MVP.com and Internet Sports Network (ISN) agreements, which were
 terminated in the fourth quarter of 2000, and the gain on sale of e-commerce
 subsidiaries in the first quarter of 2000.
     Domestic EBITDA (operating loss excluding depreciation and amortization
 expense) loss for the quarter was $5.3 million, a 43% improvement from the pro
 forma domestic EBITDA loss of $9.1 million in the first quarter of 2000.
 Although the Company realized a significant improvement in domestic EBITDA
 loss, consolidated EBITDA loss for the quarter was $13.4 million due to a 41%
 increase in Sports.com's first quarter EBITDA loss ($8.2 million in 2001
 compared to $5.8 million pro forma in 2000).
     Traffic to the Company's Web sites during March 2001 averaged
 approximately 25.2 million daily page views, more than double the March 2000
 average of approximately 12 million daily page views.  For the quarter,
 traffic grew 91% over the first quarter of 2000, averaging 17.4 million page
 views per day, compared to 9.1 million page views per day in the same quarter
 last year.  This upward trend is continuing in the second quarter of 2001, as
 the Company is averaging approximately 30 million daily page views through the
 first half of April.
     In recognition of the continued uncertainty in the advertising markets and
 overall downturn in the economy, SportsLine.com also announced today the
 implementation of several cost-saving initiatives.  Cost reductions will be
 accomplished through a variety of steps, most significantly in the areas of
 discretionary marketing and a 15-20% reduction in the Company's domestic
 workforce.  There have been no reductions in the Company's sales force, nor
 will the quality of the service be sacrificed.  These cost-saving initiatives
 are expected to bring SportsLine.com $8 to $10 million in savings on an
 annualized basis.  Based on these actions, the Company expects to record a
 one-time charge in the second quarter of 2001 of approximately $2 to
 $3 million.
     "While our first quarter results, achieved in a challenging operating
 environment, again prove the viability of our business, our ability to achieve
 similar results going forward is somewhat impaired by the spending slowdown in
 the advertising industry generally and the fact that the second quarter is
 seasonally weak in terms of major sporting events," said Michael Levy, founder
 and CEO of SportsLine.com, Inc.  "Therefore, we believe that it is prudent to
 reduce our top line revenue expectations for the near-term, while at the same
 time implementing difficult cost-reduction initiatives.  Our decisions were
 predicated on the following principles:  preserve the Company's cash reserves,
 endure the current economic downturn without sacrificing the quality of our
 service, continue to grow and position the Company for future growth, and
 achieve positive domestic operating cash flow in the fourth quarter of this
 year."
 
 
                         Pro Forma Financial Highlights
                     (in thousands, except per-share data)
                                  (unaudited)
 
                                       Three Months Ended
                          March 31, 2001                March 31, 2000 (a)
 
                    U.S.  Sports.com   Total       U.S.   Sports.com   Total
 
     Revenue      $20,142   $2,156    $22,298    $13,331    $1,511    $14,842
 
     Net loss    $(15,181) $(8,640)  $(23,821)  $(16,810)  $(5,077)  $(21,887)
 
     Basic and diluted
      net loss per share               $(0.89)                         $(0.85)
 
     Weighted average
      shares outstanding               26,822                          25,713
 
     EBITDA       $(5,260) $(8,188)  $(13,448)   $(9,148)  $(5,808)  $(14,956)
 
     Average
      page views
       per day     14,193    3,187     17,380      8,390       723      9,113
 
     (a) Excludes revenue and cost of revenue from the MVP.com and ISN
         agreements, which were terminated in the fourth quarter of 2000,
         and the gain on sale of subsidiaries in the first quarter of 2000.
 
 
     Revenue Continues Strong
     SportsLine.com's consolidated revenue of $22.3 million for the first
 quarter 2001 increased 50% compared to the pro forma consolidated revenue of
 $14.8 million posted in the first quarter of 2000.  Advertising accounted for
 $18.3 million or 82% of the Company's consolidated revenue for the quarter, a
 65% increase over the $11.0 million of pro forma advertising revenue for the
 first quarter of 2000.
 
     Record Sales for NCAA Tournament Coverage
     SportsLine.com generated more than $5 million in advertising revenues for
 coverage of the 2001 NCAA Men's Basketball Championship, establishing a
 Company sales record for a major event, and an increase of more than 30% over
 2000.  There were 35 sponsors for this year's tournament, comparable with the
 number in 2000, including Courtyard by Marriott, Sony, AT&T, Cingular, EMC,
 Enterprise, Holiday Inn, Honda, Intel, Miller Genuine Draft, Nextel, Nortel
 Networks, Principal Financial, Toyota, Volvo and XO Communications.
 
     Record Traffic for NCAA Tournament Coverage
     For the first two days of the NCAA Tournament, SportsLine.com received
 approximately 141 million page views, more than double last year's opening
 two-day total.  On March 15, the opening day of the tournament, SportsLine.com
 received approximately 73 million page views, and on March 16 it received
 68 million, with each day individually surpassing last year's opening two-day
 total of 65 million page views.  During the 23 days from CBS Sports'
 announcement of the tournament brackets on March 11 through the championship
 game on April 2, SportsLine.com received more than 650 million page views,
 more than double the total received during the same period last year.
 
     Speed, Reliability Mark SportsLine.com During Tournament
     According to both Gomez and Keynote Systems, SportsLine.com was the
 fastest and among the most reliable of all sports sites during the NCAA
 tournament.  The Gomez March Madness Web Site Performance Benchmark measured
 performance during four peak usage periods of the tournament.  SportsLine.com
 pages downloaded in an average of 1.5 seconds, 47% faster than the next best
 sports site, and more than twice as fast as the average download time.
 According to Keynote Systems, over the entire 23 days of the tournament, CBS
 SportsLine.com's NCAA Basketball home page downloaded on average in
 1.28 seconds, 69% faster than the next best sports site, and was one of
 several sites that was available more than 99% of the time.  Keynote also
 cited CBS SportsLine.com for "very high quality" video streams during the
 Final Four Weekend, "exceeding the average for video streams on the Keynote
 Streaming 20 Index."
 
     Database Continues to Grow
     The SportsLine.com database grew from 3.5 million unique registered users
 at the end of 2000 to approximately 4.5 million unique registered users at the
 end of March.  Key contributors during the quarter included the brackets
 contests and games during the NCAA Tournament which attracted more than
 one million participants, some of which were existing registered users, and
 the launch of SportsLine.com's free fantasy baseball products.
 
     USA Networks Partnership Announced
     In January, the Company announced a multi-year partnership with USA
 Networks' Electronic Commerce Solutions (ECS) whereby ECS will build and
 service SportsLine.com's retail infrastructure.  The partnership will allow
 SportsLine.com to continue to leverage its audience to ensure high margin
 sponsorship revenue with low risk, while enabling the Company to access a
 powerful group of promotional assets.  The companies will create and implement
 cross-promotion and database marketing plans that will promote the store
 throughout USA Networks' media properties, including cable properties, such as
 USA Network and SCIFI Channel, as well as its Internet assets such as
 Ticketmaster.com, Citysearch.com, Match.com and hoteldiscount.com among
 others.  The new e-commerce site is scheduled to launch during the second
 quarter.
 
     NBA Partnership Established
     In January, the Company and the NBA announced a multi-year global
 partnership which encompasses a variety of strategic initiatives including
 licensing rights; real-time scoring and statistics; a presenting sponsorship
 of "The NBA Beat," the NBA's interactive talk show; the production of a
 fantasy game for NBA.com; and various cross-promotional opportunities.
 
     Major League Baseball Relationship Extended
     Also in January, the Company announced an extension of its agreement with
 Major League Baseball.  The multi-year agreement provides for MLB Advanced
 Media to become a sponsor within CBS SportsLine.com's Major League Baseball
 arena, promoting MLB.com.  SportsLine.com will also produce the official
 fantasy baseball games for MLB.com, utilizing its award winning
 Commissioner.com fantasy products.  Following a transition period, MLB
 Advanced Media assumed the responsibility for the production of MLB.com.
 
     SportsLine.com Publishes SUPERBOWL.COM
     As part of its expanded relationship with the NFL announced in July 2000,
 SportsLine.com produced SUPERBOWL.COM, the official Web site of Super Bowl
 XXXV, in partnership with the NFL and CBS Sports.  Along with presenting
 sponsor Miller Lite, other advertisers on the site were Accenture, Coca-Cola,
 E*TRADE, Ford, Frito-Lay, Gallo, GoTampa.com, RCA and Southwest Airlines.  The
 site featured on-line voting for the game's MVP, which attracted more than
 430,000 votes and enabled fans to assist the media in selecting the winner.
 During Super Bowl week, site traffic increased by nearly 80% compared to the
 same period last year.
 
     Wireless Initiatives Expanded
     During the quarter, SportsLine.com continued to expand its reach into
 wireless with new relationships to provide content to Nextel, OmniSky and AT&T
 Wireless Services.  These new agreements also provide for revenue for the
 Company related to advertising buys.
 
     Sports.com Update
     Sports.com continued to achieve revenue and traffic gains in the first
 quarter of 2001.  Sports.com is also being affected by the downturn in the
 economy, and is in the process of reducing expenses to preserve cash, while
 maintaining its leadership position in Europe.  Sports.com continues to pursue
 additional private financing; however, due to current financial market
 conditions the success of the funding cannot be assured.  SportsLine.com has
 no obligation to provide additional funding to Sports.com beyond its existing
 $2.5 million investment.
 
     Business Outlook
     Management expects consolidated revenue for the full year 2001 to be
 $90 to $95 million, with domestic operations expected to account for
 approximately 80 to 85%, and domestic advertising anticipated to account for
 approximately 70% of consolidated revenue.  The Company anticipates that
 approximately 75 to 80% of its domestic advertising revenue will come from
 traditional media sponsors, up from 70% in 2000.  In the second quarter of
 2001, SportsLine.com expects consolidated revenue between $18 and $20 million.
 For the full year 2001, the Company anticipates consolidated gross margins to
 be in the 50% range and domestic gross margins to be approximately 60 to 65%,
 with gross margins expected to fluctuate from quarter to quarter.
     The Company expects to reach positive EBITDA for its domestic operations
 in the fourth quarter of 2001.  For the full year 2001, the domestic EBITDA
 loss is projected to be in the $14 to $16 million range, and the consolidated
 EBITDA loss for the full year is expected to be $45 to $50 million, consistent
 with previous estimates.
     The Company expects a loss per share of $3.20 to $3.30 for the full year
 2001, and a loss per share of $0.90 to $0.95 in the second quarter of 2001.
     These business outlook statements, as well as other forward looking
 statements in this press release, are based on current expectations as of
 today only.  Due to economic and advertising market variables, among other
 factors, actual results could be above or below the stated outlook.
 SportsLine.com makes these statements as of today and undertakes no obligation
 to update these statements.  While it is currently expected that these
 business outlook statements will not be updated prior to the release of
 SportsLine.com's next quarterly earnings announcement, the Company reserves
 the right to update the outlook for any reason during the quarter, including
 the occurrence of material events.
 
     Conference Call
     SportsLine.com will host a conference call to discuss first quarter 2001
 results today at 11:00 a.m. Eastern Time.  A live Web cast of the conference
 call will be available on StreetFusion ( http://www.streetfusion.com ) and
 Yahoo Finance ( http://broadcast.yahoo.com ).  In addition, a replay of the
 call will be available for 90 days following the conference call at
 StreetFusion.
 
     About SportsLine.com, Inc.
     SportsLine.com, Inc. (Nasdaq:   SPLN) is at the leading edge of media
 companies providing Internet sports content, community and e-commerce on a
 global basis.  SportsLine.com, Inc.'s content includes more than one million
 pages of multimedia sports information, entertainment and merchandise.  The
 Company's flagship Internet sports service ( http://cbs.sportsline.com ) was
 renamed CBS SportsLine.com as part of an exclusive promotional and content
 agreement with CBS in March 1997.  SportsLine.com, Inc. has strategic
 relationships with the NFL, Major League Baseball, the NBA and the PGA TOUR
 and serves as the primary sports content provider for America Online and
 Netscape.  In 1999, the Company commenced operations in Europe through its
 subsidiary, Sports.com Limited.
 
     Note:  This press release contains forward-looking statements, which
 involve risks and uncertainties.  SportsLine.com's actual results could differ
 materially from those anticipated in these forward-looking statements.
 Factors that might cause or contribute to such differences include, among
 others, competitive pressures, the growth rate of the Internet, constantly
 changing technology and market acceptance of the company's products and
 services.  Investors are also directed to consider the other risks and
 uncertainties discussed in SportsLine.com's Securities and Exchange Commission
 filings, including those discussed under the caption "Risk Factors That May
 Affect Future Results" in SportsLine.com's latest Annual Report on Form 10-K.
 SportsLine.com undertakes no obligation to publicly release the result of any
 revisions to these forward-looking statements, which may be made to reflect
 events or circumstances after the date hereof or to reflect the occurrence of
 unanticipated events.
 
 
                              SportsLine.com, Inc.
            Pro Forma Condensed Consolidated Statement of Operations
                     (in thousands, except per-share data)
                                  (unaudited)
 
                                        Three Months Ended
                               March 31, 2001            March 31, 2000 (a)
 
                       U.S.   Sports.com   Total     U.S.   Sports.com  Total
     Revenue
      Advertising    $17,288     $982    $18,270   $10,066     $975   $11,041
      Subscription
       services        1,123       --      1,123     1,198       14     1,212
      Licensing and
       other           1,731    1,174      2,905     2,067      522     2,589
      Total revenue   20,142    2,156     22,298    13,331    1,511    14,842
 
     Cost of revenue   6,884    4,279     11,163     5,476    2,219     7,695
 
     Gross profit
      (loss)          13,258   (2,123)    11,135     7,855     (708)    7,147
 
     Operating expenses:
      Product
       development       521       --        521       441       --       441
      Sales and
       marketing      10,973    3,135     14,108     9,500    2,550    12,050
      General and
       administrative  7,024    2,930      9,954     7,062    2,550     9,612
      Depreciation and
       amortization   10,945      769     11,714     9,488      762    10,250
 
      Total operating
       expenses       29,463    6,834     36,297    26,491    5,862    32,353
 
     Loss from
      operations     (16,205)  (8,957)   (25,162)  (18,636)  (6,570)  (25,206)
 
     Net interest
      and other
       income          1,024      317      1,341     1,826    1,493     3,319
 
     Net loss       $(15,181) $(8,640)  $(23,821) $(16,810) $(5,077) $(21,887)
 
     Basic and diluted
      net loss per share                  $(0.89)                      $(0.85)
 
     Average shares
      outstanding                         26,822                       25,713
 
     EBITDA          $(5,260) $(8,188)  $(13,448)  $(9,148) $(5,808) $(14,956)
 
     Gross margin         66%     (98)%       50%       59%     (47)%      48%
 
     (a) Excludes revenue and cost of revenue from the MVP.com and ISN
         agreements, which were terminated in the fourth quarter of 2000,
         and the gain on sale of subsidiaries in the first quarter of 2000.
 
 
                              SportsLine.com, Inc.
                 Condensed Consolidated Statement of Operations
                     (in thousands, except per-share data)
                                  (unaudited)
 
                                        Three Months Ended
                             March 31, 2001               March 31, 2000
 
                       U.S.   Sports.com   Total     U.S.   Sports.com  Total
     Revenue
      Advertising    $17,288     $982    $18,270   $17,901     $975   $18,876
      Subscription
       services        1,123       --      1,123     1,199       14     1,213
      Licensing and
       other           1,731    1,174      2,905     2,067      522     2,589
      Total revenue   20,142    2,156     22,298    21,167    1,511    22,678
 
     Cost of revenue   6,884    4,279     11,163     6,435    2,219     8,654
 
     Gross profit
      (loss)          13,258   (2,123)    11,135    14,732     (708)   14,024
 
     Operating expenses:
      Product
       development       521       --        521       441       --       441
      Sales and
       marketing      10,973    3,135     14,108     9,500    2,550    12,050
      General and
       administrative  7,024    2,930      9,954     7,062    2,550     9,612
      Depreciation and
       amortization   10,945      769     11,714     9,488      762    10,250
      Total operating
       expenses       29,463    6,834     36,297    26,491    5,862    32,353
 
     Loss from
      operations     (16,205)  (8,957)   (25,162)  (11,759)  (6,570)  (18,329)
 
     Loss on equity
      investments        (25)      --        (25)       --       --        --
 
     Gain on sale of
      subsidiaries        --       --         --     7,814       --     7,814
 
     Net interest and
      other income     1,049      317      1,366     1,826    1,493     3,319
 
     Net income
      (loss)         (15,181)  (8,640)   (23,821)   (2,119)  (5,077)   (7,196)
 
     Basic and diluted
      net loss per share                  $(0.89)                      $(0.28)
 
     Basic average
      shares outstanding                  26,822                       25,713
 
     EBITDA          $(5,260) $(8,188)  $(13,448)  $(2,271) $(5,808)  $(8,079)
 
     Gross margin         66%     (98)%       50%       70%     (47)%      62%
 
 
                              SportsLine.com, Inc.
                     Condensed Consolidated Balance Sheets
                                 (in thousands)
                                  (unaudited)
 
                                                     March 31,    December 31,
                                                       2001           2000
     Assets:
      Cash and short-term marketable securities       $102,365      $125,765
      Current deferred advertising and content-CBS      13,537        17,287
      Receivables, prepaids and other current assets    26,713        23,725
        Total Current Assets                           142,615       166,777
 
      Non-current marketable securities                    614           297
      Property and equipment, net                       19,276        19,703
      Long-term deferred advertising and content-CBS    10,857        11,428
      Licensing rights and other assets                 12,187         8,416
      Goodwill                                          49,689        51,550
                                                      $235,238      $258,171
 
     Liabilities and Shareholders' Equity:
      Current liabilities                              $34,651       $39,657
      Long-term convertible notes                       19,608        19,608
      Minority interest in Sports.com                   59,809        59,809
      Shareholders' equity                             121,170       139,097
                                                      $235,238      $258,171
 
 SOURCE  SportsLine.com, Inc.