November 25, 1996 6:00 PM ET
Lycos drops $2.8M in Q1
By Margaret Kane

  Although sales at Lycos Inc. in the first fiscal quarter grew 1,603 percent from a year ago, the Internet indexing company reported today that it lost $2.8 million in the quarter.

The Marlboro, Mass., company, which went public earlier this year, posted revenues of $3.7 million, up from $215,000 a year ago.

During this quarter, Lycos licensed technology to Blockbuster Entertainment Corp., CompuServe Inc. and CMP Publications Inc. It also boosted the number of advertisers on its site to 200, up from 160 in July.

The loss of $2.8 million, or 20 cents a share, compares with a loss of $280,000, or 16 cents a share, in the year-ago quarter.

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