Highlights include:

• Lower than expected Q1 2001 net loss of ($0.23) per share versus ($0.51) per share from Q1 2000.
• Strong balance sheet with a cash position of more than $58 million and zero debt.
• Total Q1 2001 revenues of $4.4 million.
• Subscription revenue of $2.0 million in Q1 2001 - flat as expected from Q1 2000.
• Advertising revenue of $1.9 million in Q1 2001 - down 26% from Q1 2000.
• Record page views of 167 million in Q1 2001 - up 40% from Q1 2000.
• Average monthly number of unique visitors of 3.6 million in Q1 2001 - flat from Q1 2000.
• Successfully diversified into new revenue streams, including broadcast radio and additional subscription products, both print and online.

Net revenues for the first quarter of 2001 totaled $4.4 million, down 19% over the same period in 2000. The Company reported a net loss for the first quarter of 2001, excluding a noncash compensation charge, goodwill amortization, and one-time restructuring and severance charges, of ($6.5) million, or ($0.23) per share, comparing positively to a net loss of ($13.0) million, or ($0.51) per share in the first quarter of 2000.

"The softening of the online advertising environment made this a difficult quarter. However, even with the reduction in our advertising revenue, our bottom-line contributions improved significantly. Our cost reduction efforts are starting to produce the desired results while we wait for our revenue diversification efforts to take hold this year," said Thomas J. Clarke, Chief Executive Officer of TheStreet.com.

Total overall number of page views to TheStreet.com sites for the first quarter of 2001 was a record 167 million - an increase of 40% from 119 million in the first quarter of 2000, and a sequential increase of 4% from the fourth quarter of 2000. Average monthly number of unique visitors during the first quarter of 2001 was 3.6 million, a sequential increase of 10% compared with 3.3 million unique users in the fourth quarter of 2000.

Commenting on the record traffic metrics, Clarke continued, "We are pleased with the strong growth in our readership. The careful aligning of our cost structure with the current market environment as measured by our revenue per employee, along with our pledge to provide long-term value to our customers without negatively affecting the quality of our products, has been verified by these results."

The Company broadened its efforts to diversify its existing content and talent base into new revenue streams with the following initiatives:

• An exclusive revenue sharing partnership with Premiere Radio Networks, the syndication arm of Clear Channel Communications, for a daily nationally syndicated broadcast radio program hosted by Jim Cramer.
• Providing real time streaming quotes and portfolio tracker, another subscription product.
• Developed and began marketing a paid subscription research product for the institutional market.

"With the continued uncertainty of the online advertising market, it is more important than ever to take hard actions to protect against adverse economic and market conditions. As we continue to explore ways to leverage our content across a variety of platforms, we remain focused on maintaining the efficiency of our operations. We have said before the name of the game is profitability. With a healthy cash position of over $58 million and zero debt, we're well-positioned to succeed."

TheStreet.com will conduct a conference call today, April 26, at 11:00 a.m. EST to discuss these results. The Company welcomes all interested parties to listen to the Web cast of its call at: http://www.thestreet.com/tsc/ir/conferencecalls.html

About TheStreet.com, Inc. TheStreet.com, Inc. (Nasdaq: TSCM ) is a leading multimedia provider of original, timely, insightful and trustworthy financial commentary, analysis and news. TheStreet.com brand is built on our best-in-class editorial team of experienced financial commentators and journalists. On the Internet, our free, advertising-supported web site, TheStreet.com, is accompanied by our subscription-based site, RealMoney.com. In addition, our content is also available across diverse product offerings, including print media, radio, books and conferences, and our strategic relationships with leading media, technology and financial services companies further assist us in leveraging our content and products.

Statements contained in this news release not related to historical facts may be deemed forward-looking statements as that term is define in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties (described in the Company's SEC filings) which could cause actual results to differ.