The company reported net revenue of $285.8 million for 2001, compared with net revenue of $427.7 million for 2000. Its net loss for 2001 was $2 billion compared with a net loss of $484 million the previous year.
CNET forecast that its net revenues will decline this year, estimating them to be in the range of $265 million to $285 million.
CNET is the 13th largest site in terms of traffic, according to the December results of Nielsen/NetRatings.
In early trading Wednesday, CNETâs share price had tumbled to $5.95, 21% below Tuesdayâs close of $7.55.