iVillage reported its Q3 revenues at $14.6 million, compared to revenues of $18.1 million for the third quarter of 2001. The company also reported a net loss for the third quarter of 2002 of $5.0
million, compared to a net loss of $8.0 million last year. For the future the women’s portal expects several initiatives, including expense reductions, to result in a going-forward decrease in
expenses by approximately $1.5 million each quarter. iVillage will take a restructuring charge of approximately $0.6 million of which a substantial portion will be taken in the fourth quarter 2002. As
part of the cost containment efforts and to further align operating costs with revenues, the Company will reduce its workforce by approximately 10%, or approximately 30 employees, mostly prior to
year-end through a combination of attrition and staff reductions. The positions being eliminated are across the organization.
