Hollywood Media Corp., Parent of Broadway.com, Reports 2004 Financial Loss of $11,524,533

News   Hollywood Media Corp., Parent of Broadway.com, Reports 2004 Financial Loss of $11,524,533 Hollywood Media Corp. (Nasdaq: HOLL), parent company to Broadway.com, today announced results for the fourth quarter and twelve months ended December 31, 2004.

Net revenues for the three months ended December 31, 2004 increased 23.2 percent to $23.7 million compared to the $19.2 million in the same period of 2003. Total operating expenses increased 32.3 percent to $27.4 million from $20.7 million in the fourth quarter of 2003. The net loss for the fourth quarter of 2004 was $3.8 million, or $0.13 per share with 30.2 million weighted average shares outstanding during the period, compared with a net loss of $0.8 million, or $0.04 per share with 21.5 million weighted average shares outstanding during the period, for fourth quarter 2003. Net revenues for the twelve months ended December 31, 2004 increased 12.5 percent, to $73.0 million from $64.9 million for the same period of 2003. Total operating expenses were $82.9 million, up 14.4 percent from the $72.4 million in 2003. The Company had an operating loss of $9.9 million for fiscal 2004 compared to an operating loss of $7.6 million for fiscal 2003. The net loss for fiscal 2004 was $11.5 million, or $0.41 per share with 27.8 million weighted average shares outstanding during the period, compared with a net loss of $7.4 million, or $0.36 per share with 20.8 million weighted average shares outstanding during the period, for fiscal 2003.

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