Los Angeles Business Journal: Weekly profile

YOUBET.COM INC.

Symbol: UBET Exchange: NASDAQ Close: $5.87 1-WK % Chg: 3.7%

Business Overview

Youbet.com, Inc. (Youbet) is a provider of online pari-mutuel horse race wagering. Youbet focuses on the United States pari-mutuel horse race wagering market through its main product, Youbet Express, which features online wagering, simulcast viewing and in-depth, up-to-the-minute information on horse racing. Youbet's customers receive interactive, real-time audio/video broadcasts, access to a database of handicapping information, and the ability to wager on a selection of horse races in the United States, Canada, Australia, South Africa and Hong Kong. Along with Internet-based wagering, off-track wagering occurs at off-track betting facilities, and through telephone live operator and interactive voice recognition-assisted calling. Customers using Youbet's advanced deposit wagering service receives the same odds as they would receive if the were physically at the track.

Income Statement

Revenue (millions)                                  $69.0        $65.3
Operating Income (millions)                           2.1          1.2
Net Income (millions)                                 5.7          4.6
EPS                                                 $0.17         0.14

Summary

Headquarters: Woodland Hills
Market Cap: $186.1 million
Dividend Yield: None
P/E Ratio: 73.4

* Latest 12 months ended in March 2005