<Page>
Exhibit 99.3
USA INTERACTIVE
PRO FORMA SEGMENT RESULTS
$ IN MILLIONS, ROUNDING DIFFERENCES MAY EXIST
<Table>
<Caption>
------------------------------------------------------------------------------------------------
PRO FORMA 2001 (a)
------------------------------------------------------------------------------------------------
OPERATING
EXPENSES, EX. D&A, AMORTIZATION
DISENGAGEMENT & ADJUSTED OF CABLE AMORTIZATION
REVENUE NONRECURRING ITEMS EBITDA DEPRECIATION DISTRIBUTION FEES OF NON-CASH ITEMS
------- ------------------ -------- ------------ ----------------- -----------------
OPERATING BUSINESSES:
HSN - U.S. $ 1,557 $(1,335) $ 222 $ (49) $ (42) $ (49)
Ticketing 580 (473) 106 (23) -- (41)
Personals 49 (33) 17 (2) -- (6)
Hotels.com 536 (455) 81 (2) -- (18)
Expedia 297 (236) 61 (11) -- (63)
Interval N/A N/A N/A N/A N/A --
PRC 299 (264) 34 (31) -- --
Corporate expense and
other adjustments -- (31) (31) (5) -- (19)
------- ------- ------- ------- ------- -------
Subtotal $ 3,318 $(2,828) $ 490 $ (123) $ (42) $ (196)
EMERGING BUSINESSES: --
Citysearch 46 (90) (43) (7) -- (80)
International TV shopping
and other 273 (298) (26) (4) (2) (2)
ECS/Styleclick 34 (88) (54) (9) -- (0)
------- ------- ------- ------- ------- -------
Subtotal $ 353 $ (476) (123) $ (20) $ (2) $ (82)
Disengaged HSN homes 102 (91) 11 -- -- --
Intersegment elimination (7) 7 -- -- -- --
------- ------- ------- ------- ------- -------
TOTAL $ 3,766 $(3,387) $ 379 $ (142) $ (44) $ (278)
======= ======= ======= ======= ======= =======
<Caption>
-------------------------------------------
-------------------------------------------
HSN
DISENGAGEMENT NON-RECURRING OPERATING
COSTS ITEMS (B) INCOME
------------- ------------- ---------
OPERATING BUSINESSES:
HSN - U.S. $ (4) $ (1) $ 77
Ticketing -- -- 42
Personals -- -- 9
Hotels.com -- -- 62
Expedia -- -- (13)
Interval N/A N/A N/A
PRC -- (9) (6)
Corporate expense and
other adjustments -- (3) (59)
------- ------- -------
Subtotal $ (4) $ (13) $ 113
EMERGING BUSINESSES:
Citysearch -- (1) (131)
International TV shopping
and other -- (2) (35)
ECS/Styleclick -- (11) (73)
------- ------- -------
Subtotal $ -- $ (13) $ (240)
Disengaged HSN homes -- -- 11
Intersegment elimination -- -- --
------- ------- -------
TOTAL $ (4) $ (26) $ (116)
======= ======= =======
</Table>
<Table>
<Caption>
------------------------------------------------------------------------------------------------
PRO FORMA 2002 (a)
------------------------------------------------------------------------------------------------
OPERATING
EXPENSES, EX. D&A, AMORTIZATION
DISENGAGEMENT & ADJUSTED OF CABLE AMORTIZATION
REVENUE NONRECURRING ITEMS EBITDA DEPRECIATION DISTRIBUTION FEES OF NON-CASH ITEMS
------- ------------------ -------- ------------ ----------------- -----------------
OPERATING BUSINESSES:
HSN - U.S. $ 1,613 $(1,341) $ 272 $ (53) $ (52) $ (49)
Ticketing 655 (507) 148 (29) -- (41)
Personals 125 (89) 36 (8) -- (6)
Hotels.com 945 (814) 131 (3) -- (22)
Expedia 589 (415) 174 (16) -- (64)
Interval 39 (35) 4 (2) -- (7)
PRC 295 (260) 35 (38) -- --
Corporate expense and
other adjustments -- (46) (46) (7) -- (12)
------- ------- ------- ------- ------- -------
Subtotal $ 4,262 $(3,507) $ 754 $ (156) $ (52) $ (200)
EMERGING BUSINESSES:
Citysearch 31 (69) (38) (8) -- (55)
International TV shopping
and other 337 (352) (14) (10) (1) (6)
ECS/Styleclick 39 (63) (24) (3) -- (5)
------- ------- ------- ------- ------- -------
Subtotal $ 407 $ (483) (76) $ (20) $ (1) $ (66)
Disengaged HSN homes (1) 1 -- -- -- --
Intersegment elimination (11) 11 -- -- -- --
------- ------- ------- ------- ------- -------
TOTAL $ 4,657 $(3,979) $ 678 $ (176) $ (54) $ (266)
======= ======= ======= ======= ======= =======
<Caption>
-------------------------------------------
-------------------------------------------
HSN
DISENGAGEMENT NON-RECURRING OPERATING
COSTS ITEMS (B) INCOME
------------- ------------- ---------
OPERATING BUSINESSES:
HSN - U.S. $ (32) $ -- $ 86
Ticketing -- -- 78
Personals -- -- 23
Hotels.com -- (1) 106
Expedia -- (2) 92
Interval -- -- (5)
PRC -- (35) (38)
Corporate expense and
other adjustments -- -- (65)
------- ------- -------
Subtotal $ (32) $ (38) $ 276
EMERGING BUSINESSES:
Citysearch -- (6) (106)
International TV shopping
and other -- (49) (81)
ECS/Styleclick -- (29) (61)
------- ------- -------
Subtotal $ -- $ (84) $ (248)
Disengaged HSN homes -- -- --
Intersegment elimination -- -- --
------- ------- -------
TOTAL $ (32) $ (122) $ 28
======= ======= =======
</Table>
- ----------
(a) Data for 2001 and 2002 is pro forma for Expedia and Vivendi transactions
and the exchange of Holdco shares by Liberty, which closed on February 4,
2002, May 7, 2002, and June 24, 2002, respectively.
(b) Non-recurring items include one time items related to restructuring
operations, employee terminations and benefits and a write-down of
investments.
(c) See footnotes to quarterly reconciliations for description of non-recurring
items.
The financial, statistical and other information contained herein is unaudited.
As filed with the Securities and Exchange Commission on February 6, 2003.
<Page>
USA INTERACTIVE
PRO FORMA SEGMENT RESULTS
$ IN MILLIONS, ROUNDING DIFFERENCES MAY EXIST
<Table>
<Caption>
------------------------------------------------------------------------------------------------
Q1 2002 (a)
------------------------------------------------------------------------------------------------
OPERATING
EXPENSES, EX. D&A, AMORTIZATION
DISENGAGEMENT & ADJUSTED OF CABLE AMORTIZATION
REVENUE NONRECURRING ITEMS EBITDA DEPRECIATION DISTRIBUTION FEES OF NON-CASH ITEMS
------- ------------------ -------- ------------ ----------------- -----------------
OPERATING BUSINESSES:
HSN - U.S. $ 395 $ (338) $ 58 $ (12) $ (12) $ (12)
Ticketing 153 (120) 34 (7) -- (10)
Personals 25 (18) 7 (1) -- (3)
Hotels.com 166 (140) 26 (1) -- (6)
Expedia 116 (81) 35 (3) -- (16)
Interval -- -- -- -- -- --
PRC 70 (64) 6 (9) -- --
Corporate expense and
other adjustments -- (8) (8) (1) -- (2)
------- ------- ------- ------- ------- -------
Subtotal $ 926 $ (770) $ 156 $ (35) $ (12) $ (48)
EMERGING BUSINESSES:
Citysearch 7 (18) (11) (3) -- (16)
International TV shopping
and other 65 (70) (5) (1) (1) (0)
ECS/Styleclick 12 (21) (8) (1) -- (0)
------- ------- ------- ------- ------- -------
Subtotal $ 85 $ (109) (24) $ (4) $ (1) $ (17)
Disengaged HSN homes -- -- -- -- -- --
Intersegment elimination (3) 3 -- -- -- --
------- ------- ------- ------- ------- -------
TOTAL $ 1,007 $ (876) $ 132 $ (39) $ (13) $ (65)
======= ======= ======= ======= ======= =======
<Caption>
-------------------------------------------
-------------------------------------------
HSN
DISENGAGEMENT NON-RECURRING OPERATING
COSTS ITEMS (B) INCOME
------------- ------------- ---------
OPERATING BUSINESSES:
HSN - U.S. $ (12) $ -- $ 10
Ticketing -- -- 17
Personals -- -- 3
Hotels.com -- -- 19
Expedia -- -- 16
Interval -- -- --
PRC -- -- (3)
Corporate expense and
other adjustments -- -- (11)
------- ------- -------
Subtotal $ (12) $ -- $ 49
EMERGING BUSINESSES:
Citysearch -- -- (30)
International TV shopping
and other -- -- (7)
ECS/Styleclick -- -- (9)
------- ------- -------
Subtotal $ -- $ -- $ (46)
Disengaged HSN homes -- -- --
Intersegment elimination -- -- --
------- ------- -------
TOTAL $ (12) $ -- $ 3
======= ======= =======
</Table>
<Table>
<Caption>
------------------------------------------------------------------------------------------------
Q2 2002 (a)
------------------------------------------------------------------------------------------------
OPERATING
EXPENSES, EX. D&A, AMORTIZATION
DISENGAGEMENT & ADJUSTED OF CABLE AMORTIZATION
REVENUE NONRECURRING ITEMS EBITDA DEPRECIATION DISTRIBUTION FEES OF NON-CASH ITEMS
------- ------------------ -------- ------------ ----------------- -----------------
OPERATING BUSINESSES:
HSN - U.S. $ 376 $ (314) $ 63 $ (14) $ (12) $ (12)
Ticketing 175 (132) 44 (7) -- (10)
Personals 30 (20) 10 (2) -- (1)
Hotels.com 230 (197) 33 0 -- (5)
Expedia 143 (99) 43 (5) -- (17)
Interval -- -- -- -- -- --
PRC 72 (64) 8 (9) -- --
Corporate expense and
other adjustments -- (10) (10) (1) -- 1
------- ------- ------- ------- ------- -------
Subtotal $ 1,026 $ (835) $ 190 $ (37) $ (12) $ (45)
EMERGING BUSINESSES:
Citysearch 8 (16) (9) (2) -- (13)
International TV shopping
and other 78 (84) (6) (2) (1) (1)
ECS/Styleclick 10 (17) (6) (1) -- (5)
------- ------- ------- ------- ------- -------
Subtotal $ 96 $ (117) (21) $ (5) $ (1)
Disengaged HSN homes (1) 1 -- -- -- --
Intersegment elimination (3) 3 -- -- -- --
------- ------- ------- ------- ------- -------
TOTAL $ 1,118 $ (948) $ 169 $ (41) $ (13) $ (45)
======= ======= ======= ======= ======= =======
<Caption>
-------------------------------------------
-------------------------------------------
HSN
DISENGAGEMENT NON-RECURRING OPERATING
COSTS ITEMS (B) INCOME
------------- ------------- ---------
OPERATING BUSINESSES:
HSN - U.S. $ (6) $ -- $ 18
Ticketing -- -- 27
Personals -- -- 7
Hotels.com -- -- 28
Expedia -- -- 22
Interval -- -- --
PRC -- (32) (32)
Corporate expense and
other adjustments -- -- (10)
------- ------- -------
Subtotal $ (6) $ (32) $ 59
EMERGING BUSINESSES:
Citysearch -- -- (23)
International TV shopping
and other -- (18) (28)
ECS/Styleclick -- (21) (33)
------- ------- -------
Subtotal $ -- $ (39) $ (85)
Disengaged HSN homes -- -- --
Intersegment elimination -- -- --
------- ------- -------
TOTAL $ (6) $ (70) $ (26)
======= ======= =======
</Table>
- ----------
(a) Data for 2001 and 2002 is pro forma for Expedia and Vivendi transactions
and the exchange of Holdco shares by Liberty, which closed on February 4,
2002, May 7, 2002, and June 24, 2002, respectively.
(b) Non-recurring items include restructuring and one-time items related to
restructuring operations, costs to shut down certain operations and a
write-down of goodwill for PRC.
The financial, statistical and other information contained herein is unaudited.
As filed with the Securities and Exchange Commission on February 6, 2003.
<Page>
USA INTERACTIVE
PRO FORMA SEGMENT RESULTS
$ IN MILLIONS, ROUNDING DIFFERENCES MAY EXIST
<Table>
<Caption>
------------------------------------------------------------------------------------------------
Q3 2002 (a)
------------------------------------------------------------------------------------------------
OPERATING
EXPENSES, EX. D&A, AMORTIZATION
DISENGAGEMENT & ADJUSTED OF CABLE AMORTIZATION
REVENUE NONRECURRING ITEMS EBITDA DEPRECIATION DISTRIBUTION FEES OF NON-CASH ITEMS
------- ------------------ -------- ------------ ----------------- -----------------
OPERATING BUSINESSES:
HSN - U.S. $ 371 $ (303) $ 67 $ (14) $ (13) $ (12)
Ticketing 162 (126) 36 (8) -- (10)
Personals 33 (26) 7 (2) -- (1)
Hotels.com 277 (237) 40 (1) -- (5)
Expedia 167 (118) 49 (4) -- (16)
Interval 2 (2) 0 (0) -- (0)
PRC 75 (65) 10 (10) -- --
Corporate expense and
other adjustments -- (11) (11) (3) -- (4)
------- ------- ------- ------- ------- -------
Subtotal $ 1,088 $ (889) $ 198 $ (43) $ (13) $ (49)
EMERGING BUSINESSES:
Citysearch 8 (16) (8) (2) -- (13)
International TV shopping
and other 92 (91) 0 (3) -- (7)
ECS/Styleclick 8 (13) (5) (1) -- (0)
------- ------- ------- ------- ------- -------
Subtotal $ 107 $ (120) (13) $ (6) $ -- $ (20)
Disengaged HSN homes -- -- -- -- -- --
Intersegment elimination (2) 2 -- -- -- --
------- ------- ------- ------- ------- -------
TOTAL $ 1,192 $(1,007) $ 185 $ (48) $ (13) $ (69)
======= ======= ======= ======= ======= =======
<Caption>
-------------------------------------------
-------------------------------------------
HSN
DISENGAGEMENT NON-RECURRING OPERATING
COSTS ITEMS (B) INCOME
------------- ------------- ---------
OPERATING BUSINESSES:
HSN - U.S. $ (5) $ -- $ 24
Ticketing -- -- 18
Personals -- -- 4
Hotels.com -- (1) 33
Expedia -- (1) 27
Interval -- -- 0
PRC -- -- (1)
Corporate expense and
other adjustments -- (19)
------- ------- -------
Subtotal $ (5) $ (2) $ 88
EMERGING BUSINESSES:
Citysearch -- (1) (24)
International TV shopping
and other -- (31) (41)
ECS/Styleclick -- (4) (9)
------- ------- -------
Subtotal $ -- $ (36) $ (75)
Disengaged HSN homes -- -- --
Intersegment elimination -- -- --
------- ------- -------
TOTAL $ (5) $ (38) $ 13
======= ======= =======
</Table>
<Table>
<Caption>
------------------------------------------------------------------------------------------------
Q4 2002 (a)
------------------------------------------------------------------------------------------------
OPERATING
EXPENSES, EX. D&A, AMORTIZATION
DISENGAGEMENT & ADJUSTED OF CABLE AMORTIZATION
REVENUE NONRECURRING ITEMS EBITDA DEPRECIATION DISTRIBUTION FEES OF NON-CASH ITEMS
------- ------------------ -------- ------------ ----------------- -----------------
OPERATING BUSINESSES:
HSN - U.S. $ 470 $ (386) $ 84 $ (14) $ (15) $ (12)
Ticketing 164 (130) 34 (8) -- (10)
Personals 37 (25) 13 (2) -- (1)
Hotels.com 273 (240) 32 (1) -- (6)
Expedia 164 (117) 47 (4) -- (16)
Interval 36 (33) 4 (2) -- (7)
PRC 78 (66) 12 (10) -- --
Corporate expense and
other adjustments -- (17) (17) (1) -- (7)
------- ------- ------- ------- ------- -------
Subtotal $ 1,223 $(1,013) $ 210 $ (42) $ (15) $ (58)
EMERGING BUSINESSES:
Citysearch 8 (18) (10) (2) -- (13)
International TV shopping
and other 103 (106) (4) (3) -- 3
ECS/Styleclick 9 (13) (4) (1) -- (0)
------- ------- ------- ------- ------- -------
Subtotal $ 120 $ (137) (17) $ (6) $ -- $ (10)
Disengaged HSN homes (0) 0 -- -- -- --
Intersegment elimination (3) 3 -- -- -- --
------- ------- ------- ------- ------- -------
TOTAL $ 1,339 $(1,147) $ 192 $ (48) $ (15) $ (69)
======= ======= ======= ======= ======= =======
<Caption>
-------------------------------------------
-------------------------------------------
HSN
DISENGAGEMENT NON-RECURRING OPERATING
COSTS ITEMS (C) INCOME
------------- ------------- ---------
OPERATING BUSINESSES:
HSN - U.S. $ (9) $ -- $ 34
Ticketing -- -- 17
Personals -- -- 9
Hotels.com -- -- 26
Expedia -- (1) 27
Interval -- -- (6)
PRC -- (4) (2)
Corporate expense and
other adjustments -- -- (25)
------- ------- -------
Subtotal $ (9) $ (5) $ 80
EMERGING BUSINESSES:
Citysearch -- (4) (29)
International TV shopping
and other -- -- (4)
ECS/Styleclick -- (5) (10)
------- ------- -------
Subtotal $ -- $ (9) $ (42)
Disengaged HSN homes -- --
Intersegment elimination -- --
------- ------- -------
TOTAL $ (9) $ (14) $ 37
======= ======= =======
</Table>
(a) Data for 2001 and 2002 is pro forma for Expedia and Vivendi transactions
and the exchange of Holdco shares by Liberty, which closed on February 4,
2002, May 7, 2002, and June 24, 2002, respectively.
(b) Non-recurring items include restructuring and one-time items related shut
down of HSN Italy, costs of contract terminations, write down of
investments and costs incurred by the special committees of Expedia and
Ticketmaster,.
(c) Non-recurring items include restructuring and one-time items related to
restructuring operations, employee terminations and costs incurred by the
special committees of Expedia and Ticketmaster, as well as the benefit of
certain tax deductions related to Styleclick and Hot Germany, which are
considered non-recurring.
The financial, statistical and other information contained herein is unaudited.
As filed with the Securities and Exchange Commission on February 6, 2003.
<Page>
USA INTERACTIVE
RESULTS OF OPERATIONS
$ IN MILLIONS; ROUNDING DIFFERENCES MAY EXIST. UNAUDITED.
<Table>
<Caption>
2001 (a) 2002 (a)
----------------------------------------------- ------------------------------------------------
P&L Q1 Q2 Q3 Q4 YE 12/31 Q1 Q2 Q3 Q4 YE 12/31
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Revenues, net $ 877.9 $ 940.3 $ 917.3 $1,030.3 $3,765.8 $1,007.4 $1,117.8 $1,192.5 $1,339.0 $4,656.7
Operating costs and
expenses:
Costs related to revenues 571.5 597.9 596.8 658.2 2,424.4 628.4 683.6 713.2 803.9 2,829.0
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Gross profit 306.4 342.4 320.5 372.0 1,341.4 379.1 434.2 479.3 535.1 1,827.7
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Other costs and expenses 232.1 236.2 245.5 248.7 962.5 247.5 272.7 300.7 352.2 1,173.1
Depreciation 33.0 36.8 38.1 34.6 142.4 38.9 41.1 48.4 48.1 176.5
Amortization of non-cash
compensation 12.9 8.8 8.4 8.3 38.3 8.3 6.9 6.5 9.2 30.9
Amortization of non-cash
distribution and marketing 8.0 10.6 7.1 9.0 34.7 11.0 10.1 10.4 9.9 41.4
Amortization of other
intangibles (non-cash) 59.6 61.9 60.7 66.7 248.9 58.4 60.2 64.5 64.7 247.7
One time charges 0.0 10.6 12.7 3.0 26.3 0.0 62.5 31.4 4.4 98.3
HSN disengagement costs 0.0 0.0 0.0 4.1 4.1 11.5 6.2 4.6 9.3 31.7
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Total operating costs 345.6 364.8 372.4 374.4 1,457.2 375.6 459.7 466.6 497.7 1,799.6
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Operating income (39.2) (22.3) (51.9) (2.4) (115.8) 3.5 (25.6) 12.8 37.3 28.1
Interest expense, net 21.9 19.3 23.0 20.2 84.5 (4.2) 26.2 28.0 28.1 78.1
Equity losses in affiliates
and other (6.5) (5.9) (19.3) (28.6) (60.3) 12.3 (101.8) (18.2) 24.5 (83.2)
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
15.4 13.4 3.8 (8.4) 24.2 8.0 (75.6) 9.9 52.6 (5.1)
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Earnings before income
taxes and minority interest (23.8) (8.9) (48.1) (10.8) (91.7) 11.5 (101.2) 22.6 90.0 23.0
Income tax expense (15.9) (6.1) (3.3) (5.0) (30.2) (15.2) (13.0) (37.5) 58.3 (7.4)
Minority interest 5.0 1.2 2.3 (5.4) 3.2 (8.1) (11.2) (15.6) (15.0) (50.0)
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Net earnings/(loss) from
continuing operations (34.6) (13.8) (49.1) (21.1) (118.6) (11.8) (125.4) (30.5) 133.3 (34.4)
======= ======= ======= ======== ======== ======== ======== ======== ======== ========
Preferred dividend (3.3) (3.3) (3.3) (3.3) (13.1) (3.3) (3.3) (3.3) (3.3) (13.1)
Impact of dilutive
securities 0.0 0.0 0.0 0.0 0.0 (2.0) (2.0) (1.1) (1.5) (6.2)
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Net earnings available to
common shareholders $ (37.9) $ (17.1) $ (52.4) $ (24.4) $ (131.7) $ (17.1) $ (130.6) $ (34.9) $ 128.5 $ (53.7)
======= ======= ======= ======== ======== ======== ======== ======== ======== ========
Adjusted Net Income
Calculation:
Net income before preferred
dividend (34.6) (13.8) (49.1) (21.1) (118.6) (11.8) (125.4) (30.5) 133.3 (34.4)
After tax and minority
interest impact of
non-recurring items 0.0 7.6 14.7 12.2 34.5 0.0 139.0 47.0 (80.6) 105.4
Preferred dividends (3.3) (3.3) (3.3) (3.3) (13.1) (3.3) (3.3) (3.3) 0.0 (13.1)
Equity income from 5.44%
common interest in VUE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.7 (8.8) (6.1)
Amortization of non-cash
items 71.7 70.6 66.2 69.5 278.0 64.7 64.2 68.8 68.7 266.4
Less: related tax and
minority interest (12.3) (22.1) (14.5) (9.2) (58.2) (19.8) (22.5) (19.6) (21.0) (82.4)
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Adjusted Net Income 21.5 39.0 13.9 48.1 122.6 29.8 52.0 65.2 91.6 235.9
======= ======= ======= ======== ======== ======== ======== ======== ======== ========
Weighted average basic shares 476.5 480.1 482.8 483.5 480.5 487.5 492.5 493.9 494.8 492.4
Dilutive impact of options,
warrants and restricted stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23.5 0.0
Impact of conversion of
preferred shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.4 0.0
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Weighted average diluted shares 476.5 480.1 482.8 483.5 480.5 487.5 492.5 493.9 537.8 492.4
Weighted average basic shares 476.5 480.1 482.8 483.5 480.5 487.5 492.5 493.9 494.8 492.4
Dilutive impact of restricted
stock 0.4 0.4 0.3 0.3 0.3 0.2 0.2 0.3 0.5 0.3
Dilutive impact of options and
warrants 27.5 29.4 26.3 23.1 30.8 29.4 27.0 21.1 23.5 25.8
Impact of conversion of
preferred shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.4 0.0
------- ------- ------- -------- -------- -------- -------- -------- -------- --------
Adjusted EPS shares outstanding 504.4 509.9 509.4 506.9 511.6 517.1 519.7 515.3 538.2 518.5
Basic earnings per share $ (.08) $ (.04) $ (.11) $ (.05) $ (.27) $ (.03) $ (.26) $ (.07) $ .26 $ (.10)
Diluted earnings per share $ (.08) $ (.04) $ (.11) $ (.05) $ (.27) $ (.03) $ (.27) $ (.07) $ .24 $ (.11)
Adjusted earnings per share $ .04 $ .08 $ .03 $ .09 $ .24 $ .06 $ .10 $ .13 $ .17 $ .45
</Table>
- ----------
(a) Data for 2001 and 2002 is pro forma for Expedia and Vivendi transactions
and the exchange of Holdco shares by Liberty, which closed on February 4,
2002, May 7, 2002, and June 24, 2002, respectively.
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
As filed with the Securities and Exchange Commission on February 6, 2003.
<Page>
USA INTERACTIVE
OPERATING METRICS
$ IN MILLIONS
<Table>
<Caption>
2000 2001 2002
------- ----------------------------------------------- ------------------------------------------------
YE Q1 Q2 Q3 Q4 YE Q1 Q2 Q3 Q4 YE 12/31
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- --------
GROSS TRANSACTION
VALUE ("GTV")
Total GTV $ 7,082 $ 2,167 $ 2,429 $ 2,135 $ 2,303 $ 9,033 $ 2,782 $ 3,256 $ 3,391 $ 3,475 $12,903
Interactive GTV (a) $ 4,722 $ 1,548 $ 1,792 $ 1,632 $ 1,768 $ 6,739 $ 2,218 $ 2,668 $ 2,839 $ 2,868 $10,593
% of Total 67% 71% 74% 76% 77% 75% 80% 82% 84% 83% 82%
Internet GTV (b) $ 3,088 $ 1,148 $ 1,390 $ 1,232 $ 1,267 $ 5,038 $ 1,801 $ 2,225 $ 2,356 $ 2,295 $ 8,677
% of Total 44% 53% 57% 58% 55% 56% 65% 68% 69% 66% 67%
International GTV $ 800 $ 254 $ 289 $ 252 $ 291 $ 1,086 $ 335 $ 465 $ 551 $ 586 $ 1,937
% of Total 11% 12% 12% 12% 13% 12% 12% 14% 16% 17% 15%
</Table>
- ----------
(a) Interactive GTV is defined as GTV which was generated from the TV or PC
from HSN, HSN.com, Ticketmaster.com, Hotels.com, Expedia, Match.com, TV
Travel Shop and Interval.
(b) Internet GTV is defined as GTV which was generated online from HSN.com,
Ticketmaster.com, Hotels.com, Expedia, Match.com and Interval.
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
PRO FORMA FOR EXPEDIA TRANSACTION.
As filed with the Securities and Exchange Commission on February 6, 2003.
<Page>
USA INTERACTIVE
OPERATING METRICS
IN MILLIONS EXCEPT PER UNIT
<Table>
<Caption>
2000 2001 2002
------ ------------------------------------------ ------------------------------------------
YE Q1 Q2 Q3 Q4 YE Q1 Q2 Q3 Q4 YE
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
HSN - U.S.
Units shipped 35.2 8.6 9.0 9.5 11.4 38.5 9.6 9.3 9.1 10.8 38.7
Gross profit % 34.9% 33.5% 34.5% 34.3% 33.9% 34.0% 35.5% 38.4% 38.1% 36.7% 37.1%
Return rate 19.6% 19.6% 19.6% 19.0% 17.9% 18.9% 19.0% 18.8% 18.5% 18.2% 18.6%
Product mix:*
Home & Licensing N/A 37% 35% 36% 41% 38% 32% 28% 29% 35% 31%
Home Fashions N/A 4% 4% 5% 5% 4% 7% 6% 8% 7% 7%
Jewelry N/A 26% 26% 25% 25% 25% 24% 26% 25% 24% 25%
Health/Beauty N/A 19% 22% 20% 17% 19% 24% 24% 23% 22% 23%
Apparel/Accessories N/A 14% 13% 14% 12% 13% 13% 16% 15% 12% 14%
Average Price Point $47.82 $50.06 $47.36 $46.13 $47.27 $47.63 $45.41 $44.18 $44.37 $47.54 $45.46
HSN total homes
(end of period) 77.1 80.2 81.1 82.8 83.0 83.0 74.9 77.1 77.8 78.8 78.8
America's Store FTE's
(end of period) 8.6 8.3 10.6 11.0 12.3 12.3 10.2 11.1 8.7 9.0 9.0
HSN.com % of Sales 3% 5% 8% 8% 10% 8% 11% 11% 11% 13% 12%
</Table>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
* In Q1 2002, HSN reclassfied certain items in its product mix. As such,
wellness, ingestibles, and fitness categories were moved out of the Home Goods
category and into the Health & Beauty category. Product Mix for 1999 and 2000
assuming reclassification not available. Home Licensing includes electronics,
computers, and other licensed homegoods.
As filed with the Securities and Exchange Commission on February 6, 2003.
<Page>
USA INTERACTIVE
OPERATING METRICS
IN MILLIONS
<Table>
<Caption>
2000 2001 2002
------ ------------------------------------------ ------------------------------------------
YE Q1 Q2 Q3 Q4 YE Q1 Q2 Q3 Q4 YE
------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------
TICKETING
Number of tickets sold 83.0 23.6 23.6 19.3 20.3 86.8 23.9 24.3 22.8 24.1 95.1
Gross value of tickets sold $3,256 $ 937 $1,016 $ 788 $ 870 $3,611 $ 997 $1,144 $1,041 $1,106 $4,288
Share of tickets sold online 24.5% 29.5% 33.2% 31.9% 33.9% 32.1% 37.8% 43.0% 40.8% 40.7% 40.6%
</Table>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
As filed with the Securities and Exchange Commission on February 6, 2003.
<Page>
USA INTERACTIVE
OPERATING METRICS
IN THOUSANDS
<Table>
<Caption>
2000 2001 2002
------- ----------------------------------------------- ------------------------------------------------
YE Q1 Q2 Q3 Q4 YE Q1 Q2 Q3 Q4 YE
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- --------
MATCH.COM(a)
Paid subscribers 156.9 189.5 216.6 252.7 382.2 382.2 527.7 604.2 653.2 724.8 724.8
New registrations 1,135.6 1,054.5 1,059.5 1,216.0 2,304.0 5,634.3 2,911.7 3,284.5 3,422.5 3,379.7 12,998.5
New subscriptions
(first time only) 399.5 121.7 134.8 154.2 260.4 671.0 342.4 313.2 328.5 347.6 1,331.7
Conversion rate
(Reg to Subs) 35.2% 11.5% 12.7% 12.7% 11.3% 11.9% 11.8% 9.5% 9.6% 10.3% 10.2%
</Table>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
As filed with the Securities and Exchange Commission on February 6, 2003.
(a) The operating metrics include the impact of Soulmates, acquired on April
12, 2002. The 2001 operating metrics do not include Soulmates.
<Page>
USA INTERACTIVE
OPERATING METRICS
<Table>
<Caption>
2000 2001 2002
------- ------------------------------------------- -------------------------------------------
YE Q1 Q2 Q3 Q4 YE Q1 Q2 Q3 Q4 YE
------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
HOTELS.COM
Hotel room nights
sold (thousands) 2,433 799 1,030 1,227 1,187 4,243 1,408 1,883 2,320 2,227 7,838
Average Daily Rate $131.70 $124.35 $129.65 $120.64 $115.00 $121.10 $115.70 $118.95 $115.88 $117.93 $117.17
Affiliates
(including TravelNow) 16,200 18,649 20,857 22,793 23,808 23,808 25,755 28,340 30,646 33,973 33,973
Properties 2,600 3,084 3,374 3,890 4,567 4,567 6,058 6,467 6,571 7,723 7,723
Cities served 97 135 146 171 178 178 218 243 285 325 325
U.S. N/A 100 111 119 124 124 146 154 165 186 186
International N/A 35 35 52 54 54 72 89 120 139 139
</Table>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
As filed with the Securities and Exchange Commission on February 6, 2003.
<Page>
USA INTERACTIVE
OPERATING METRICS
IN THOUSANDS
<Table>
<Caption>
2000 2001
------ ------------------------------------------------------------------
YE Q1 Q2 Q3 Q4 YE
------ ---------- ---------- ---------- ---------- ----------
EXPEDIA
(in thousands)
GROSS BOOKINGS
Total gross bookings (a) $1,793 $ 674,000 $ 802,000 $ 723,000 $ 704,000 $2,903,000
Agency gross bookings N/A $ 579,000 $ 644,000 $ 559,000 $ 540,000 $2,322,000
Merchant gross bookings (includes CCV) N/A $ 95,000 $ 158,000 $ 164,000 $ 164,000 $ 581,000
CCV gross bookings N/A $ 0 $ 0 $ 0 $ 0 $ 0
International gross bookings N/A $ 40,000 $ 44,000 $ 47,000 $ 48,000 $ 179,000
North America gross bookings N/A $ 634,000 $ 758,000 $ 675,000 $ 656,000 $2,723,000
ADDITIONAL METRICS
Revenue from packages N/A $ 3,649 $ 6,365 $ 9,408 $ 11,573 $ 30,995
Total room nights stayed N/A 752 1,102 1,270 1,522 4,646
Merchant room nights stayed N/A 494 729 970 1,178 3,371
Merchant hotel average daily rate (excludes CCV) N/A $ 117 $ 122 $ 119 $ 109 N/A
CUSTOMERS
Average monthly Media Metrix reach (b) N/A 6,969 7,502 9,410 9,238 N/A
Expedia.com conversion (c) N/A 5.7% 7.0% 5.5% 5.2% N/A
Expedia new purchasing customers (d) 1,769 671 904 918 870 3,363
Expedia cumulative purchasing customers (e) 2,932 3,603 4,507 5,424 6,294 6,294
Expedia quarterly unique purchasing customers (f) 2,741 1,007 1,336 1,393 1,383 5,119
<Caption>
2002
------------------------------------------------------------------
Q1 Q2 Q3 Q4 YE
---------- ---------- ---------- ---------- ----------
EXPEDIA
(in thousands)
GROSS BOOKINGS
Total gross bookings (a) $1,107,000 $1,335,000 $1,466,000 $1,380,000 $5,288,000
Agency gross bookings $ 797,000 $ 937,000 $1,042,000 $1,002,000 $3,778,000
Merchant gross bookings (includes CCV) $ 310,000 $ 398,000 $ 424,000 $ 378,000 $1,510,000
CCV gross bookings $ 18,000 $ 82,000 $ 67,000 $ 42,000 $ 209,000
International gross bookings $ 85,000 $ 94,000 $ 138,000 $ 123,000 $ 440,000
North America gross bookings $1,022,000 $1,241,000 $1,328,000 $1,257,000 $4,848,000
ADDITIONAL METRICS
Revenue from packages $ 25,456 $ 41,527 $ 49,881 $ 46,912 $ 163,776
Total room nights stayed 2,042 2,627 3,207 3,168 11,044
Merchant room nights stayed 1,644 2,077 2,602 2,522 8,845
Merchant hotel average daily rate (excludes CCV) $ 118 $ 120 $ 114 $ 119 N/A
..........
CUSTOMERS
Average monthly Media Metrix reach (b) 11,242 12,161 12,615 11,392 N/A
Expedia.com conversion (c) 5.8% 6.3% 6.7% 6.8% N/A
Expedia new purchasing customers (d) 1,316 1,529 1,693 1,528 6,066
Expedia cumulative purchasing customers (e) 7,610 9,139 10,832 12,360 12,360
Expedia quarterly unique purchasing customers (f) 1,874 2,217 2,492 2,225 8,808
</Table>
- ----------
(a) Gross bookings represents the total value of travel booked through the
Expedia, WWTE sites, Classic Custom Vacations and Metropolitan Travel since
acquisition.
(b) Average monthly Media Metrix reach represents the unduplicated reach for
the Expedia sites.
(c) Conversion represents the monthly average Expedia.com unique monthly
purchasers divided by the monthly average Media Metrix reach for the
Expedia.com site.
(d) Expedia new purchasing customers represents the number of new customers
transacting through the Expedia sites in a quarter.
(e) Expedia cumulative purchasing customers represents the cumulative number of
customers that have ever transacted through the Expedia sites as of the end
of a quarter.
(f) Expedia quarterly unique purchasing customers represents the number of
unique customers transacting through the Expedia sites over the course of a
quarter.
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
As filed with the Securities and Exchange Commission on February 6, 2003.
<Page>
USA INTERACTIVE
OPERATING METRICS
<Table>
<Caption>
2001
-------------------------------------------------------------
Q1 Q2 Q3 Q4 YE
--------- --------- --------- --------- ---------
INTERVAL
Active members 1,232,675 1,260,904 1,292,688 1,318,093 1,318,093
Total exchange confirmations 200,777 166,489 154,565 148,988 670,818
% of Exchanges online 0.0% 1.8% 2.8% 3.3% 1.8%
<Caption>
2002
-------------------------------------------------------------
Q1 Q2 Q3 Q4 YE
--------- --------- --------- --------- ---------
INTERVAL
Active members 1,359,146 1,433,390 1,470,582 1,499,668 1,499,668
Total exchange confirmations 220,079 180,731 166,771 151,021 718,602
% of Exchanges online 5.7% 5.8% 6.5% 7.6% 6.3%
</Table>
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
PRO FORMA FOR USA'S ACQUISITION OF INTERVAL.
As filed with the Securities and Exchange Commission on February 6, 2003.
<Page>
USA INTERACTIVE
OPERATING METRICS
IN MILLIONS
CAPITALIZATION
Ticker (NASDAQ) USAI
As of 1/17/03
-------------
Shares Outstanding (millions) (a):
USA Common Stock 431
USA Class B 65
-------
Total Shares Outstanding 496
Estimated dilutive options and warrants
(treasury method) 24
-------
Fully diluted shares 520
=======
Market Capitalization:
Outstanding equity capitalization $11,355
Fully diluted equity capitalization $11,914
As of 12/31/02 (b)
------------------
Attributable Cash (c) $ 3,446
Securities in VUE (d) 2,203
Debt and Preferred Stock (1,892)
-------
Net Attributable Cash and Securities $ 3,757
=======
- ----------
(a) Fully diluted shares includes treasury method options and warrants and
other dilutive securities, and includes Vivendi's remaining 56.6 million
shares that may be delivered to USA in connection with USA's Series B
preferred interest in VUE.
(b) Pro forma for Ticketmaster merger, which closed on 1/17/03. Please see USA
Q4 earnings release filed February 6, 2003 for reconciliation to balance
sheet values.
(c) Includes attributable cash from USA's public subsidiaries, based on the Q4
weighted average of USA's fully diluted, treasury method ownership in
public subsidiaries, which was 66% for Hotels.com and 55% for Expedia.
Excludes cash due to clients at Ticketmaster. Consolidated cash is $3.1
billion as of January 17, 2003.
(d) Includes securities issued to USA in the Vivendi transaction, as follows:
Class A and Class B preferred interests and 5.4% common interest in Vivendi
Universal Entertainment ("VUE") at balance sheet carrying values, less the
estimated present value of taxes on the VUE securities related to USA's
gain on the Vivendi transaction.
Absolute % of Fully
Shares % of Shares Diluted Shares
Owned Outstanding (QTD)
-------- ----------- --------------
Hotels.com (NASDAQ: ROOM) 39.0 67% 66%
Expedia (NASDAQ: EXPE) 35.4 60% 55%
ESTIMATED OPERATING METRICS
FOR 2002 (ROUNDED)
Primary Consumer web sites 34
Active/registered customers (a) 25 million
Customer names in database (a) 90 million
Customer inbound telephone minutes 800 million
Customer inbound telephone calls 150 million
Orders processed 110 million
Items Shipped 45 million
In-house merchants 150
Merchandise SKUs 68,000
Telephone operator positions 12,000
Ticketing outlets 3,500
Fulfillment center square feet 2.4 million
(a) Assumes 25% duplication across USA brands.
REVENUE MIX
Revenue sources (Q4 '02):
Merchandise 42%
Travel 36%
Ticketing 12%
Teleservices 6%
Personals 3%
Other 1%
-------
Total 100%
=======
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED.
As filed with the Securities and Exchange Commission on February 6, 2003.