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EXHIBIT (d)(9)
THE PROJECTIONS
TICKETS.COM
CONSOLIDATED INCOME STATEMENT
FORECAST ($000)
GROWTH RATES
--------------------------------
2003 2004 2005 2006 2004 2005 2006
-------- -------- -------- -------- -------- -------- --------
Ticketing 39,462 39,157 40,636 38,774 (1)% 4% (5)%
Licensing 13,447 13,729 14,433 14,633 2% 5% 1%
Ancillary 2,149 4,046 4,910 4,571 88% 21% (7)%
Contract Amortization (2,760) (1,576) (2,225) (2,225) (43)% 41% 0%
Credit Card 15,058 12,752 11,957 11,479 (15)% (6)% (4)%
-------- -------- -------- -------- -------- -------- --------
TOTAL REVENUE 67,356 68,110 69,713 67,234 1% 2% (4)%
-------- -------- -------- -------- -------- -------- --------
Cost of Service 31,393 28,285 30,162 28,573 (10)% 7% (5)%
GROSS PROFIT 35,963 39,825 39,551 38,661 11% (1)% (2)%
Gross Margin 53.4% 58.5% 56.7% 57.5%
Sales & Marketing 7,349 5,405 5,346 5,552 (26)% (1)% 4%
Development 6,067 12,468 10,935 11,162 106% (12)% 2%
Client Services 11,249 6,830 6,898 7,036 (39)% 1% 2%
General Administration 21,418 22,028 19,640 19,334 3% (11)% (2)%
-------- -------- -------- -------- -------- -------- --------
Total Selling, General & Admin 46,083 46,731 42,820 43,084 1% (8)% 1%
OPERATING INCOME (10,120) (6,906) (3,268) (4,423) (32)% (53)% 35%
-------- -------- -------- -------- -------- -------- --------
Other Expense (Income) (6,394) (5,057) (54) (54) (21)% (99)% 0%
Net Income Before Taxes (3,726) (1,849) (3,214) (4,369) (50)% 74% 36%
-------- -------- -------- -------- -------- -------- --------
Income Taxes (1) 280 351 360 (28100)% 25% 3%
-------- -------- -------- -------- -------- -------- --------
Net Income (3,725) (2,129) (3,565) (4,729) (43)% 67% 33%
======== ======== ======== ======== ======== ======== ========
Note: Fiscal 2006 reflects an estimated loss of $2.4M due to termination of '05
post-season baseball contracts; Fiscal 2007 impact is approximately $4.5M.