Financial: Lycos Reports 2nd Quarter Revenues Up 142% Over Last Year and 24% Over Last Quarter - Company Financial Information

Edge: Work-Group Computing Report, March 1, 1999

(1) Weighted average shares used in computing basic and diluted net loss per share for the three and six months ended January 31, 1999 include Lycos common stock from the conversion of WhoWhere, Inc. common stock, preferred stock and warrants on August 13, 1998.

                          LYCOS, INC.
             CONDENSED CONSOLIDATED BALANCE SHEETS

                                      January 31,      July 31,
                                        1999            1998
                                    (Unaudited)
Assets
 Cash and cash equivalents          $135,167,427   $153,728,200
 Accounts receivable, net             14,572,378     10,958,470
 License fees receivable              60,175,259     51,761,357
 Property and equipment, net           5,733,803      3,960,059
 Intangible assets                   140,627,224     10,310,475
 Other assets, net                    33,569,126     18,039,696

Total assets                        $389,845,217   $248,758,257

Liabilities and stockholders' equity
 Accounts payable and
  accrued expenses                  $ 14,574,817   $ 22,150,470
 Deferred revenues                    62,324,692     57,571,993
 Other liabilities                     2,799,133        349,199

   Total liabilities                  79,698,642     80,071,662

Stockholders' equity                310,146,575    168,686,595

   Total liabilities and
stockholders' equity                $389,845,217   $248,758,257