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October 31, 1999

Xoom Revenue Soars Ahead of NBC Merger

By CBR Staff Writer

Xoom.com Inc, the San Francisco, California, online direct marketing and community web Site Company, has recorded a surge in both e-commerce and advertising revenue in its third quarter. The rapid increase in revenue comes as the company prepares to merge with NBC’s internet assets and the Snap.com joint venture that NBC has with CNet Inc. Xoom.com recorded a net loss of $8.5m in the three months to September 30, up from a loss of $3m on revenue that increased 289.3% to $8.9m; for the first nine months, the net loss was $8.6m, up from $6.3m on revenue up 309.1% at $19.9m.

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