Hollywood Media misses by $0.02; ticketing revs grow; expenses rise (HOLL 2Q05 earnings results)

Hollywood Media (ticker: HOLL) reported Q2 2005 earnings results that beat consensus revenue estimates on strong ticketing revenue growth but missed EPS estimates on higher operational expenses. Key stats from the
quarter:

Q2 Results
(all percentage changes and comparisons are year on year, unless stated otherwise)

• Total revenue rose 44.1% to $27.9 million vs consensus estimate of $24.74 million.
• Ticketing revenue rose 47.2% to $23.7 million, and rose 29.0% sequentially.
• Broadway.com and 1-800-Broadway revenue rose 83.7% to $15.5 million.
• Data revenue rose 65.5% to $2.7 million, and rose 10.9% sequentially.
• Internet ad sales revenue rose 39.9% to $1.1 million, and rose 34.7% sequentially.
• IP revenue fell 44.4% to $514,920.
• Operating expenses (including cost of revenues) rose 46.4% to $30.3 million.
• Editorial, production, development and technology expenses rose 3.6% to $1.4 million.
• SG&A expenses rose 40.1% to $2.9 million.
• Salaries and benefits expenses rose 76.6% to $4.5 million.
• Operating loss of $2.4 million vs operating loss of $1.3 million.
• Net loss of $2.0 million vs net loss of $1.2 million.
• Loss per share of $0.06 vs loss of $0.04, and vs consensus loss of $0.04.

Balance Sheet

• Cash and equivalents of $3.2 million as of June 30, 2005.

Other stats

• Hollywood.com Television is now accessible by 13.5 million cable TV subs and available on 6 MSOs.

HOLL chart.

Full disclosure: at the time of writing I'm long HOLL.

Not subscribed to The Internet Stock Blog? You can get updated headlines for free by adding The Internet Stock Blog to your My Yahoo page. Just log into your My Yahoo
page, then go to The Internet Stock Blog and click on the "+ My Yahoo"
button on the top right of your screen. You can do the same for other sites, such as The China Stock Blog, ETF Investor, Radical Guides and Seeking Alpha.