iVillage Reports Record Net Income for Both Fourth Quarter and Full Year 2004

iVillage Reports Record Net Income for Both Fourth Quarter and Full Year 2004

iVillage.com Revenues Grew 40% for the Fourth Quarter 2004 Compared to Fourth Quarter 2003 Revenues

NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- iVillage Inc. (NASDAQ:IVIL), The Internet For Women(TM), a leading women's media company and the number one women's community online, today announced financial results for the fourth quarter and full-year ended December 31, 2004.

Fourth quarter 2004 revenues were $18.2 million compared to revenues of $15.9 million for the same period one year ago. Net income for the fourth quarter was a record $2.4 million, or $0.03 per share, compared to net income of $0.3 million, or $0.01 per share, for the fourth quarter 2003. Earnings per share tripled on a year-over-year basis.

iVillage reported Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)(1) of $3.2 million for the fourth quarter 2004, which compares to an EBITDA of $1.3 million for the fourth quarter 2003.

Douglas W. McCormick, Chairman & Chief Executive Officer, iVillage Inc. said, "Having posted our first profitable year and exiting the year with a solid cash position, we are poised for the exciting growth in the online advertising sector that faces us in 2005. Our bold new design is already a hit with advertisers and preliminary traffic numbers show that it is a hit with consumers as well. With the completion of a successful year and all of our initiatives underway, iVillage stands to be one of the hottest properties on Madison Avenue in 2005 and well-positioned to prosper in the marketplace."

iVillage reported revenues of $66.9 million for fiscal year 2004, compared to revenues of $55.2 million for fiscal year 2003. For fiscal year 2004, iVillage reported net income of $2.7 million or $0.04 per share. This compares to a net loss for fiscal year 2003 of $27.1 million, or ($0.49) per share, which included $14.1 million in non-recurring cash and non-cash expenses related to the abandonment and renegotiation of leased real estate resulting in a write-off of certain fixed assets and an impairment of goodwill, intangibles, and fixed assets. Excluding these charges, net loss for fiscal year 2003 was $13.0 million, or ($0.23) per share.

For fiscal year 2004, iVillage reported an EBITDA of $7.8 million, which compares to an EBITDA loss of $16.0 million for fiscal year 2003, which included $10.1 million in charges related to a lease renegotiation and operations restructuring. Excluding these charges, iVillage reported an EBITDA loss of $5.9 million for fiscal year 2003.

At the end of the fourth quarter 2004, iVillage had $83.0 million in cash and cash equivalents on its balance sheet and no debt.

First Quarter and Fiscal Year 2005 Business Outlook

For the first quarter 2005 iVillage expects to report revenues between $18.2 million and $18.6 million, or up to an approximate 20% increase over first quarter 2004 revenues. The Company expects to report EBITDA of $1.2 million to $1.6 million for the first quarter 2005, or up to an approximate 129% increase over first quarter 2004 EBITDA. Additionally, the Company expects to continue to generate net income in the first quarter 2005. This would mark the first time in the Company's 10-year history that it would post net income in the first quarter.

As previously stated, for fiscal year 2005, iVillage expects to report revenues between $86.0 million and $87.0 million and EBITDA between $16.0 million and $17.0 million. The Company also expects to deliver net income between $11.0 million and $11.5 million for the full year 2005, excluding stock-based compensation expenses(2). iVillage reserves the right to update its financial outlook at any time for any reason.

Company Highlights

* Kicking off its 10-year anniversary, the Company recently relaunched
iVillage.com. The redesigned site offers the latest trends and news
for women, enhanced navigation and new, customizable features.
Charter advertising partners include Cheerios(R), Huggies(R), L'Oreal
Paris, Lowe's Home Improvement, Kellogg's(R) Special K(R), Target
Corporation, and Walgreens.

* On January 10th, iVillage announced that it had acquired
Healthology, Inc., a leading producer and distributor of streaming
video health programs and physician-authored articles on the Internet.
Healthology is also a leading syndicator of health content on the Web,
actively distributing its content to over 4,500 Web sites, including
leading news media organizations, online consumer portals, health
foundations and medical associations.

* The MSN(R) network announced that iVillage content would be featured
on its new Health and Fitness Channel, which launched earlier this
year. This is an expansion of the companies' prior content
publication agreement. iVillage continues to provide editorially
relevant content to MSN's women's channel, MSN Women, in the
categories of Beauty, Fashion & Style, Relationships, Home & Food, and
Career & Money.

* iVillage.com revenues grew 40% for the fourth quarter 2004 when
compared to fourth quarter 2003 revenues.

* During the fourth quarter 2004, iVillage added over 135 new
advertisers/brands. New marketers, or those deepening their iVillage
relationship by adding new brands, included, King Features, Kraft
Foods, National Broadcasting Company, Pepsi-Cola Company,
Procter & Gamble, Target Corporation, and Unilever, among others.

* iVillage was named one of the 10 Top Online Publishers by MediaPost's
OMMA Magazine, formerly Media Magazine, in the February 2005 issue.
iVillage was also named the Best Online Publisher in the "Women &
Family/Health" category for the third year in a row.

Metrics

* The iVillage Network is the 31st most visited Web site in the U.S.
according to comScore Media Metrix(3). With approximately 17 million
unique monthly visitors, iVillage reaches over 10.5% of the total U.S.
online population and approximately 14% of women 18+ online(4).
Visitors return nearly 3 times per month on average(5).

* iVillage is the #1 women's community site and the #4 community site
overall on the Web(4).

* At the end of the fourth quarter 2004, iVillage.com had approximately
12.7 million registered members(6).

* iVillage delivered approximately 374 million average monthly page
views during the fourth quarter 2004(7).

Conference Call



iVillage will hold a conference call to discuss its fourth quarter and year end 2004 financial results today at 8:30 AM (EST). The conference call will be broadcast live on the Internet and will be available on iVillage's Investor Relations Web site, located at http://www.ivillage.com/investor, and on Street Events, located at http://www.streetevents.com/. A replay of the conference call will be available on the iVillage Investor Relations Web site approximately one hour after the call ends on Wednesday, February 9, 2005 until 9:30 AM (EST) on Wednesday, February 15, 2005. A transcript of the conference call will be available on the iVillage Investor Relations Web site thereafter.

About iVillage Inc.

iVillage is "the Internet for women" and consists of several online and offline media-based properties that seek to enrich the lives of women, teenage girls and parents through the offering of unique content, community applications, tools and interactive features. iVillage Inc. (NASDAQ:IVIL) was established in 1995 and is headquartered in New York City.

Average monthly page views for iVillage.com and its affiliate Web sites ("The iVillage Network") totaled nearly 374 million for the quarter ended December 31, 2004. In December 2004, according to comScore Media Metrix, The iVillage Network ranked 31st among the top 100 Web and Digital Media properties with approximately 16.9 million unique visitors in the United States and had an average reach of more than 10.5% of the total online population and approximately 14% of women 18+ online. Also, according to the same report, The iVillage Network was the number one "women's community site" and the number four "community site" overall on the Web.

For more information about iVillage, visit http://www.ivillage.com/.

Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:


iVillage Inc. has included in this press release certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning iVillage's business, operations and financial condition. The words or phrases "can be," "expects," "may affect," "anticipates," "may depend," "believes," "estimates," "plans," "projects" and similar words and phrases are intended to identify such forward-looking statements. These forward-looking statements are subject to various known and unknown risks and uncertainties and iVillage cautions you that any forward-looking information provided by or on behalf of iVillage is not a guarantee of future results, performance or achievements. Actual results could differ materially from those anticipated in these forward-looking statements due to a number of factors, some of which are beyond iVillage's control. In addition to those risks discussed in iVillage's other press releases, public filings and statements by iVillage's management, factors that may cause iVillage's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied in such forward looking statements include: (i) the volatile and competitive nature of the Internet industry and the media industry, (ii) changes in domestic and foreign economic, political and market conditions, (iii) the effect of federal, state and foreign regulation on iVillage's business, (iv) the impact of recent and future acquisitions and joint ventures on iVillage's business and financial condition, (v) iVillage's ability to establish and maintain relationships with advertisers, sponsors, and other third-party providers and partners, (vi) iVillage's ability to maintain or increase user traffic levels, (vii) the loss of one or more of iVillage's major customers and (viii) the impact of pending litigation on iVillage's business, results of operations and financial condition. All such forward-looking statements are current only as of the date on which such statements were made. iVillage does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

(1) To supplement its consolidated financial statements presented in
accordance with generally accepted accounting principles ("GAAP")
in the United States, iVillage uses non-GAAP measures of operating
results and net income, such as EBITDA (defined by iVillage as
Earnings (Loss) Before Interest, Taxes, Depreciation and
Amortization), which are adjusted from results based on GAAP to
exclude certain expenses, such as lease restructuring charges and
charges related to impairment of fixed assets. These non-GAAP
adjustments are provided to enhance individuals' overall
understanding of the Company's current financial performance and its
prospects for the future. Specifically, iVillage believes the non-
GAAP financial measures provide useful information to both management
and investors by excluding certain expenses that are not indicative
of the Company's core operating results and trends, especially when
comparing those results on a consistent basis to results for previous
periods and anticipated results for future periods. In addition,
since iVillage has historically reported non-GAAP results to the
investment community, the Company believes the inclusion of non-GAAP
financial measures provides consistency in its financial reporting.
Further, these non-GAAP results are important indicators management
uses for planning and forecasting in future periods, for making
financial and operating decisions and to establish certain executive
compensation. Although iVillage believes, for the foregoing reasons,
that its presentation of non-GAAP financial measures provides useful
supplemental information to investors regarding its results of
operations, these non-GAAP financial measures should only be
considered in addition to, and not as a substitute for or superior
to, iVillage's financial measures prepared in accordance with GAAP.
Please refer to iVillage's unaudited consolidated financial
statements accompanying this press release for a reconciliation of
any non-GAAP financial measures included in this press release to the
corresponding GAAP financial measures. Although EBITDA is frequently
used as a measure of operating performance, it is not necessarily
comparable to other similarly titled captions of other companies due
to differences in methods of calculation.

(2) Estimated stock-based compensation expenses are disclosed in
iVillage's periodic reports filed with the Securities and Exchange
Commission.

(3) The following affiliated properties and Web sites under iVillage.com:
The Women's Network ("The iVillage Network") are measured by comScore
Media Metrix: iVillage.com, iVillage Astrology, iVillage Family,
iVillage Health, iVillage.co.uk, Americancapitalservices.com,
Business Women's Network, Cosmomag.com, Countrylivingmag.com,
Gardenweb.com, Goodhousekeeping.com, Housebeautiful.com, Mail.com,
Marieclaire.com, Marieclairereader.com, Promotions.com,
Redbookmag.com, Sendthisaround.com, Tncweddings.com,
Townandcountrymag.com, Webstakes.com, and Women.com. All references
in this release to The iVillage Network and comScore Media Metrix
include these web properties.

(4) comScore Media Metrix, December 2004.

(5) comScore Media Metrix custom report, December 2004.

(6) iVillage internal statistics, three months ended December 31, 2004.

(7) iVillage internal statistics, three months ended December 31, 2004.



iVillage Inc. and Subsidiaries

Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
(unaudited)

Three months ended Year ended
December 31, December 31,
2004 2003 2004 2003
Revenues $ 18,200 $ 15,863 $ 66,903 $ 55,221

Operating expenses:
Editorial, product
development and
technology 6,639 6,662 28,903 28,842
Sales and marketing 5,352 4,929 19,022 19,963
General and
administrative 2,994 3,019 11,227 13,314
Lease restructuring
charge and related
impairment of
fixed assets -- -- -- 9,126
Depreciation and
amortization 1,114 1,791 6,011 8,595
Impairment of goodwill,
intangibles and
fixed assets -- -- -- 4,029

Total operating
expenses 16,099 16,401 65,163 83,869

Income (loss) from
operations 2,101 (538) 1,740 (28,648)

Interest income, net 338 26 642 218
Other income, net 110 588 207 727
Gain on sale of joint
venture interest 76 200 395 625

Income (loss) from
continuing operations
before income taxes and
minority interest 2,625 276 2,984 (27,078)

Provision for income taxes (307) -- (307) --
Minority interest -- 56 -- (51)

Income (loss) from
continuing operations 2,318 332 2,677 (27,129)
Discontinued operations 69 -- 69 --

Net income (loss) $ 2,387 $ 332 $ 2,746 $ (27,129)

Basic and diluted
(per share data):

Income (loss) from
continuing operations $0.03 $ 0.01 $0.04 $ (0.49)

Income from
discontinued operatons -- -- -- --

Net income (loss) $0.03 $ 0.01 $0.04 $ (0.49)

Weighted-average shares
of common stock outstanding
used in computing basic
net income (loss)
per share 71,668 56,243 65,054 55,772

Weighted-average shares of
common stock outstanding
used in computing diluted
net income (loss)
per share 75,829 59,723 69,853 55,772



iVillage Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)

December 31, December 31,
2004 2003
ASSETS:
Current assets:
Cash and cash equivalents $83,046 $15,823
Accounts receivable, net 9,708 7,517
Prepaid rent 318 318
Other current assets 3,740 3,520
Total current assets 96,812 27,178

Fixed assets, net 8,381 7,269
Goodwill and intangible assets, net 32,073 34,569
Prepaid rent, net of current portion 3,203 3,354
Other assets 79 158
Total assets $140,548 $72,528

LIABILITIES and STOCKHOLDERS' EQUITY:
Current liabilities:
Accounts payable and accrued expenses $10,142 $10,441
Deferred revenue 2,080 3,323
Other liabilities 168 334
Total current liabilities 12,390 14,098

Deferred rent, net of current portion 1,339 1,483
Total liabilities 13,729 15,581

Commitments and contingencies

Stockholders' equity 126,819 56,947
Total liabilities and
stockholders' equity $140,548 $72,528


iVillage Inc. and Subsidiaries
Quarterly Income Statement
($ in Million except for per share amounts)
(Unaudited)

Mar-03 Jun-03 Sep-03 Dec-03 FY 03
Revenue $12.592 $13.204 $13.562 $15.863 $55.221

Growth q-q -8% 5% 3% 17%
Growth Y/y -16% -18% -7% 16% -7%

Editorial, product
development & technology 7.575 7.054 7.551 6.662 28.842
% of Revenues 60% 53% 56% 42% 52%
Sales and marketing 5.525 5.033 4.476 4.929 19.963
% of Revenues 44% 38% 33% 31% 36%
General and administrative 3.032 3.065 4.198 3.019 13.314
% of Revenues 24% 23% 31% 19% 24%
Lease restructuring charge
and severance and other
related costs -- 4.025 5.101 -- 9.126
% of Revenues 0% 30% 38% 0% 17%
Depreciation and
amortization 2.723 2.225 1.856 1.791 8.595
% of Revenues 22% 17% 14% 11% 16%
Impairment of goodwill,
intangibles and
fixed assets -- 4.029 -- -- 4.029
% of Revenues 0% 31% 0% 0% 7%
Total operating expenses 18.855 25.431 23.182 16.401 83.869
% of Revenues 150% 193% 171% 103% 152%

(Loss) income
from operations (6.263) (12.227) (9.620) (0.538) (28.648)

Interest income, net 0.089 0.041 0.062 0.026 0.218
Other income, net -- -- 0.139 0.588 0.727
Gain on sale of
joint venture interest 0.025 0.200 0.200 0.200 0.625
Provision for income taxes -- -- -- -- --
Minority interest 0.013 (0.073) (0.047) 0.056 (0.051)
(Loss) income from
continuing operations (6.136) (12.059) (9.266) 0.332 (27.129)
Discontinued operations -- -- -- -- --

Net (loss) income $(6.136) $(12.059) $(9.266) $0.332 $(27.129)

Basic and diluted
(per share data):

(Loss) income from
continuing operations $(0.11) $(0.22) $(0.17) $0.01 $(0.49)
Income from discontinued
operations -- -- -- -- --

Net (loss) income $(0.11) $(0.22) $(0.17) $0.01 $(0.49)

Weighted average shares
of common stock
outstanding - basic 55.5 55.6 55.8 56.2 55.8
Weighted average shares
of common stock
outstanding - diluted 55.5 55.6 55.8 59.7 55.8

Additional Financial
Information
Revenue from barter 0.975 0.975 1.057 0.981 3.988
% of Revenues 8% 7% 8% 6% 7%


Mar-04 Jun-04 Sep-04 Dec-04 FY 04
Revenue $15.507 $16.498 $16.698 $18.200 $66.903

Growth q-q -2% 6% 1% 9%
Growth Y/y 23% 25% 23% 15% 21%

Editorial, product
development & technology 7.511 7.013 7.740 6.639 28.903
% of Revenues 48% 43% 46% 36% 43%
Sales and marketing 4.385 4.723 4.562 5.352 19.022
% of Revenues 28% 29% 27% 29% 28%
General and administrative 2.908 2.885 2.440 2.994 11.227
% of Revenues 19% 17% 15% 16% 17%
Lease restructuring charge
and severance and
other related costs -- -- -- -- --
% of Revenues 0% 0% 0% 0% 0%
Depreciation and
amortization 1.804 1.953 1.140 1.114 6.011
% of Revenues 12% 12% 7% 6% 9%
Impairment of goodwill,
intangibles and
fixed assets -- -- -- -- --
% of Revenues 0% 0% 0% 0% 0%
Total operating expenses 16.608 16.574 15.882 16.099 65.163
% of Revenues 107% 100% 95% 88% 97%

(Loss) income from
operations (1.101) (0.076) 0.816 2.101 1.740

Interest income, net 0.018 0.050 0.236 0.338 0.642
Other income, net 0.052 0.034 0.011 0.110 0.207
Gain on sale of joint
venture interest 0.167 0.076 0.076 0.076 0.395
Provision for income taxes -- -- -- (0.307) (0.307)
Minority interest -- -- -- -- --
(Loss) income from
continuing operations (0.864) 0.084 1.139 2.318 2.677
Discontinued operations -- -- -- 0.069 0.069

Net (loss) income $(0.864) $0.084 $1.139 $2.387 $2.746

Basic and diluted
(per share data):

(Loss) income from
continuing operations $(0.01) $-- $0.02 $0.03 $0.04
Income from discontinued
operations -- -- -- -- --

Net (loss) income $(0.01) $-- $0.02 $0.03 $0.04

Weighted average shares
of common stock
outstanding - basic 58.4 59.1 70.9 71.7 65.1
Weighted average shares
of common stock
outstanding - diluted 58.4 64.4 75.2 75.8 69.9

Additional Financial
Information
Revenue from barter 0.844 1.119 1.204 1.363 4.530
% of Revenues 5% 7% 7% 7% 7%


iVillage Inc. and Subsidiaries

Supplemental Financial Data
(in thousands)
(unaudited)

Three months ended Year ended
December 31, December 31,
2004 2003 2004 2003
EBITDA (loss)
reconciliation:
Net income (loss) $2,387 $332 $2,746 $(27,129)
Addback:
Depreciation and
amortization 1,114 1,791 6,011 8,595
Impairment of goodwill,
intangibles and
fixed assets -- -- -- 4,029
Interest income, net (338) (26) (642) (218)
Other income, net (110) (588) (207) (727)
Gain on sale of joint
venture interest (76) (200) (395) (625)
Provision for
income taxes 307 -- 307 --
Minority interest -- (56) -- 51
Discontinued operations (69) -- (69) --
EBITDA (loss) $3,215 $1,253 $7,751 $(16,024)

EBITDA (loss) excluding
certain one-time and/or
non-cash charges
reconciliation:
EBITDA (loss) $3,215 $1,253 $7,751 $(16,024)
Addback:
Lease restructuring
charge and severance
and other related costs -- -- -- 10,075
EBITDA (loss) excluding
certain one-time and/or
non-cash charges $3,215 $1,253 $7,751 $(5,949)

Revenues by property:
iVillage.com (1) $12,520 $8,964 $40,377 $31,290
Astrology.com 925 765 3,461 2,925
IVPN 2,921 4,064 18,662 16,606
PAG 1,834 2,070 4,403 4,400
Total revenues $18,200 $15,863 $66,903 $55,221

(1) Included in iVillage.com
revenues are iVillage.com,
Promotions.com, Substance.com
and Women.com properties and
gURL.com, GardenWeb, iVillage
Consulting and iVillage
Solutions divisions.

Operating expenses excluding
certain one-time and/or
non-cash charges
reconciliation:
Operating expenses $16,099 $16,401 $65,163 $83,869
Exclude:
Lease restructuring
charge and severance
and other related costs -- -- -- 10,075
Impairment of goodwill,
intangibles and
fixed assets -- -- -- 4,029
Operating expenses excluding
certain one-time and/or
non-cash charges $16,099 $16,401 $65,163 $69,765

Q4 2004 EBITDA margin
reconciliation (all amounts
are stated as a percentage
of Revenues):
Net income 13.12%
Addback:
Depreciation
and amortization 6.12%
Interest income, net -1.86%
Other income, net -0.60%
Gain on sale of joint
venture interest -0.42%
Provision for income taxes 1.69%
Discontinued operations -0.38%
Q4 2004 EBITDA margin 17.66%


iVillage Inc. and Subsidiaries
Quarterly Supplemental Financial Data
($ in Million except for per share amounts)
(Unaudited)

Mar-03 Jun-03 Sep-03 Dec-03 FY 03
EBITDA (loss)
reconciliation:
Net (loss) income $(6.136) $(12.059) $(9.266) $0.332 $(27.129)
Addback:
Depreciation and
amortization 2.723 2.225 1.856 1.791 8.595
Impairment of goodwill,
intangibles and
fixed assets -- 4.029 -- -- 4.029
Interest income, net (0.089) (0.041) (0.062) (0.026) (0.218)
Other income, net -- -- (0.139) (0.588) (0.727)
Gain on sale of joint
venture interest (0.025) (0.200) (0.200) (0.200) (0.625)
Minority interest (0.013) 0.073 0.047 (0.056) 0.051
Provision for
income taxes -- -- -- -- --
Discontinued operations -- -- -- -- --
EBITDA (loss) $(3.540) $(5.973) $(7.764) 1.253 $(16.024)

EBITDA (loss) excluding
certain one-time and/or
non-cash charges
reconciliation:
EBITDA (loss) $(3.540) $(5.973) $(7.764) $1.253 $(16.024)
Addback:
Lease restructuring
charge and severance
and other related costs -- 4.025 6.050 -- 10.075
EBITDA (loss) excluding
certain one-time and/or
non-cash charges $(3.540) $(1.948) $(1.714) $1.253 $(5.949)

Net (loss) income
excluding certain
one-time and/or non-cash
charges reconciliation:
Net (loss) income $(6.136) $(12.059) $(9.266) $0.332 $(27.129)
Addback:
Lease restructuring
charge and severance
and other related costs -- 4.025 6.050 -- 10.075
Impairment of goodwill,
intangibles and
fixed assets -- 4.029 -- -- 4.029
Net (loss) income
excluding certain one-time
and/or non-cash charges $(6.136) $(4.005) $(3.216) $0.332 $(13.025)

Basic and diluted net
(loss) income, excluding
certain one-time and/or
non-cash charges per
share reconciliation:
Basic and diluted net
(loss) income per share $(0.11) $(0.22) $(0.17) $0.01 $(0.49)
Addback:
Lease restructuring
charge and severance
and other related costs -- 0.07 0.11 -- 0.18
Impairment of goodwill,
intangibles and
fixed assets -- 0.07 -- -- 0.07
Basic and diluted net
(loss) income, excluding
certain one-time and/or
non-cash charges
per share $(0.11) $(0.07) $(0.06) $0.01 $(0.23)

Weighted average shares
of common stock
outstanding used in
computing net (loss)
income excluding
certain one-time
and/or non-cash
charges per share
Basic 55.5 55.6 55.8 56.2 55.8
Diluted 55.5 55.6 55.8 59.7 55.8


Mar-04 Jun-04 Sep-04 Dec-04 FY 04
EBITDA (loss)
reconciliation:
Net (loss) income $(0.864) $0.084 $1.139 $2.387 $2.746
Addback:
Depreciation
and amortization 1.804 1.953 1.140 1.114 6.011
Impairment of goodwill,
intangibles and
fixed assets -- -- -- -- --
Interest income, net (0.018) 0.050) (0.236) (0.338) (0.642)
Other income, net (0.052) (0.034) (0.011) (0.110) (0.207)
Gain on sale of joint
venture interest (0.167) (0.076) (0.076) (0.076) (0.395)
Minority interest -- -- -- -- --
Provision for
income taxes -- -- -- 0.307 0.307
Discontinued operations -- -- -- (0.069) (0.069)
EBITDA (loss) $0.703 $1.877 $1.956 $3.215 $7.751

EBITDA (loss) excluding
certain one-time and/or
non-cash charges
reconciliation:
EBITDA (loss) $0.703 $1.877 $1.956 $3.215 $7.751
Addback:
Lease restructuring
charge and severance
and other related costs -- -- -- -- --
EBITDA (loss) excluding
certain one-time and/or
non-cash charges $0.703 $1.877 $1.956 $3.215 $7.751

Net (loss) income
excluding certain
one-time and/or non-cash
charges reconciliation:
Net (loss) income $(0.864) $0.084 $1.139 $2.387 $2.746
Addback:
Lease restructuring
charge and severance
and other related costs -- -- -- -- --
Impairment of goodwill,
intangibles and
fixed assets -- -- -- -- --
Net (loss) income
excluding certain
one-time and/or
non-cash charges $(0.864) $0.084 $1.139 $2.387 $2.746

Basic and diluted net
(loss) income, excluding
certain one-time and/or
non-cash charges per
share reconciliation:
Basic and diluted net
(loss) income per share $(0.01) $0.00 $0.02 $0.03 $0.04
Addback:
Lease restructuring
charge and severance
and other related costs -- -- -- -- --
Impairment of goodwill,
intangibles and
fixed assets -- -- -- -- --
Basic and diluted net
(loss) income, excluding
certain one-time and/or
non-cash charges
per share $(0.01) $0.00 $0.02 $0.03 $0.04

Weighted average shares
of common stock outstanding
used in computing net
(loss) income excluding
certain one-time and/or
non-cash charges per share
Basic 58.4 59.1 70.9 71.7 65.1
Diluted 58.4 64.4 75.2 75.8 69.9



Source: iVillage Inc.

CONTACT: Carl Fischer of iVillage Inc., +1-212-600-6502, or
cfischer@mail.ivillage.com; or Carina Thate, cct@abmc.com, or Eliza Johnson,
edj@abmac.com, both of The Abernathy MacGregor Group, +1-212-371-5999, both
for iVillage Inc.

Web site: http://www.ivillage.com/


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