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FOR IMMEDIATE RELEASE

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Sandra Lee TheStreet.com 212.321.5493

NEW YORK, October 25, 2001 - TheStreet.com, Inc (Nasdaq: TSCM ),a leading multimedia provider of financial commentary, analysis and news, announced its financial results today for the third quarter ended September 30, 2001.

The Company reported net revenues of $3.5 million for the third quarter of 2001, effectively flat to second quarter 2001 of $3.6 million. The Company's pro forma net loss for the third quarter of 2001, excluding a noncash compensation charge, goodwill amortization, restructuring, severance and settlement charges, was ($5.3) million, or ($0.21) per share, comparing favorably to ($8.9) million, or ($0.34) per share, for the same period in 2000. Third quarter net loss was ($8.9) million, or ($0.35) per share, comparing favorably to ($9.6) million, or ($0.37) per share, for the same period in 2000.

"Despite the very challenging economic environment, we made solid progress on a number of fronts in the third quarter," said Chief Executive Officer Thomas J. Clarke. "Most significantly, we increased our subscription revenue and launched three new subscription products, as we continue to capture more value from our industry-leading, proprietary content. We repurchased another 7% of our shares at market prices we believe significantly undervalue our business. And we maintained a strong cash position and solid balance sheet with no debt, which means we have the financial strength and flexibility we believe will enable us to succeed over the long term."

At the Company's quarterly Board meeting on October 16, Mr. Clarke, who has been the Company's chief executive since November 1999, was appointed Chairman of the Board, succeeding Fred Wilson, who will remain a director.

"Over the past two years, Tom has done a great job in positioning this Company to take advantage of its growing subscription-based business and strong capitalization," Mr. Wilson said. "Tom deserves this recognition and responsibility. All of us on the Board are confident that he possesses the skills and leadership to take this organization into the next stage of growth."

Operating Results Improve

Subscription revenue for the third quarter of 2001 rose to $2.3 million, an increase of 11% from the second quarter of 2001 and an increase of 10% from the same period of last year. Advertising revenue fell to $0.9 million for the third quarter of 2001, down 18% from the second quarter of 2001 and down 67% versus the same quarter of last year.

Operating expenses, net of settlement/restructuring charges, totaled $8.1 million, a decrease of 10% from last quarter of $9.0 million and a decrease of 24% from $10.6 million in the third quarter of 2000. Cash, short-term investments, and investment in held to maturity securities as of September 30, 2001 totaled approximately $40 million.

During the quarter, the Company recorded a charge of approximately $2.5 million in connection with the termination of a strategic alliance agreement with Go2Net, Inc., now a subsidiary of Infospace, Inc. The companies agreed to an early termination of the agreement, which had obligated TheStreet.com to pay to Go2Net a total of $7.5 million over a three-year period beginning in August 2000, when the agreement was signed in connection with a $7.5 million investment in TheStreet.com by Go2Net and Vulcan Ventures.

Stock Repurchase Continues

During the quarter, the Company purchased an additional 7% of its outstanding shares under its previously announced stock buyback program. To date, the Company has purchased approximately 17% of its outstanding shares. The Company will continue to be an active buyer of its shares as long as it believes that there is a discrepancy between our intrinsic value and our stock price.

New Subscription Products

• The Chartman's Top Stocks - exclusive stock charting analysis from columnist Gary B. Smith.
• TheStreet Notes - daily summaries of analyst actions and comments.
• TheStreet.com's Era of Value - a portfolio of recommended value stocks, according to investment strategist Glenn Curtis.

Radio Show Expands

RealMoney with Jim Cramer, a daily financial radio show launched July 30, 2001 and co-produced by TheStreet.com and Premiere Radio Networks, the syndication arm of Clear Channel Communications, continues to attract a greater listener base. The nationally syndicated show is now heard on 18 stations across the country, including Los Angeles, Washington D.C., Miami/Fort Lauderdale, Seattle, Phoenix and Hartford. The Company plans to offer a streaming audio feed of the show on its subscription-based RealMoney.com site.

Other Business Highlights

• Enhancing the value of a RealMoney subscription by discontinuing its policy of moving premium content on a 24 hour delayed basis from RealMoney.com to its free, flagship site, TheStreet.com. This move supports the Company's efforts to further increase its subscriber base by differentiating its proprietary content.
• Signed a revenue-sharing licensing agreement with E*Trade to provide selected content on E*Trade's media center.
• The Company has an agreement in principle to reduce its ongoing real estate obligations to accommodate a major downtown tenant's need for additional office space.
• Made key editorial additions of financial professionals Odette Galli, a former money manager of Ark Asset Management and writer for SmartMoney magazine, and Ben Stein, renowned media personality and former Wall Street Journal columnist, in order to expand premium content on RealMoney.com.

TheStreet.com will conduct a conference call today, October 25, 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 and media offerings, including print, 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.