INVESTOR RELATIONS

News Releases

FOR IMMEDIATE RELEASE

Contact:

Sandra Lee TheStreet.com 212.321.5493

NEW YORK, July 18, 2001 - TheStreet.com, Inc(Nasdaq: TSCM ),a leading multimedia provider of financial commentary, analysis and news, announced its financial results today for the second quarter ended June 30, 2001.

The Company reported net revenues of $3.6 million for the second quarter of 2001. The Company's domestic pro forma net loss for the second quarter of 2001, excluding a noncash compensation charge, goodwill amortization, restructuring and severance charges, was ($6.2) million, or ($0.23) per share, comparing favorably to ($13.1), or ($0.52) per share, for the same period of 2000. Second quarter net loss was ($6.9) million, or ($0.25) per share, comparing favorably to ($13.8) million, or ($.54) per share, for the same period of 2000.

To date, the Company has repurchased approximately 10% of its outstanding shares under its previously announced stock buyback program.

"The buyback demonstrates our continued faith in our company, our brand, and our future prospects," said Thomas J. Clarke, Chief Executive Officer of TheStreet.com. "The Company will continue to be an active buyer of its shares as long as we feel that there is a discrepancy between our intrinsic value and the stock price, and that it makes good business sense for us."

Subscription services

Subscription revenue for the second quarter of 2001 came in at $2.1 million, effectively flat, as expected, from the same period last year and sequentially from the first quarter of 2001.

"This quarter has truly emphasized the importance of providing proprietary subscription-based products, as demand for online advertising continues to soften," said Clarke. "The positive results of our products, including 'Action Alerts PLUS,' our professional product called 'TheStreetView,' and our new portfolio tracker offering are beginning to take hold as we continue to make inroads into the institutional space while continuing to satisfy our retail customers. We will continue to drive revenue through new and diverse subscription opportunities in order to lessen our overall dependence on advertising."

Traffic

Total overall number of page views to TheStreet.com sites for the second quarter of 2001 was a strong 152 million - an increase of 32% from 116 million in the second quarter of 2000. Average monthly number of unique visitors during the second quarter of 2001 was 3.0 million, an increase of 3% from the second quarter 2000 of 2.9 million.

"The consistent traffic metrics attest to our ability to cut costs without negatively affecting the high quality of our content," said Clarke. "Furthermore, based on the high correlation that exists between radio listeners and Internet users, we look forward to broadening our reach to a larger audience base with the premiere of "RealMoney Talk with Jim Cramer" - our nationally syndicated radio show in partnership with Premiere Radio Networks, the syndication arm of Clear Channel Communications."

Advertising and E-commerce services

Advertising revenues were $1.1 million for the second quarter of 2001 compared to $3.9 million for the same period last year, and down 43% from the previous quarter of $1.9 million. The Company's advertising revenue continues to suffer from the economic slowdown and the severe tightening of the advertising market, which has negatively impacted all companies in our industry.

Operating Results

The Company's cost containment initiative has produced results that were strong and immediate. Operating expenses decreased 40% from $15.1 million in the second quarter of 2000 to $9.0 million in the second quarter of 2001. Cash and long-term investments as of June 30, 2001 totaled approximately $51 million.

"We continue to be mindful of the current market environment and the effect it may have on our business," said Clarke. "With a healthy cash position of approximately $51 million and zero debt, we continue to maintain the balance between controlling our near-term operating expenses and prudently investing in our long-term strategy."

Business Highlights:

• The appointment of Editor-in-Chief David Morrow, a former editor at SmartMoney Magazine.
• The addition of board members James Meyer and Daryl Otte, formerly of M&C Saatchi and Ziff-Davis, Inc., respectively.
• Purchased additional shares through our stock buyback program.
• The premiere of "RealMoney Talk with Jim Cramer" a daily radio show distributed by Premiere Radio Networks, the syndication arm of Clear Channel Communication, on July 30, 2001.
• The results, to date, of the materialization of the Company's diversification efforts, with additional subscription products, from last quarter have met or exceeded expectations:
  • The marketing of our high-end professional product for hedge funds and money managers called "TheStreetTMView."
  • The launch of "Action Alerts PLUS," daily email alerts of Jim Cramer's personal stock trades and professional investment insight.
  • Providing a subscription portfolio tracker product with real time streaming quotes.
  • Successful biotechnology conference last month - our next conference called "Cramer Live in New York" is set for August.

TheStreet.com will conduct a conference call today, July 18, 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, flagship web site, TheStreet.com, is accompanied by our premium, 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 defined 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.