EDGAR Online Revenues Exceed Analysts' Expectations

NORWALK, CT, January 6, 2000 - EDGAR Online, Inc. (NASDAQ: EDGR) today announced that it expects to report record revenues and exceed analysts' revenue estimates for the year ended December 31, 1999. The company expects to report annual revenues in excess of $5.0 million, or more than 2 ½ times the reported revenue for 1998, and estimated revenue of approximately $2.0 million for the fourth quarter of 1999, or more than 3 times the same quarter a year ago. Revenue for the fourth quarter of this year increased more than 30% over third quarter 1999 revenues of $1.5 million.

"Because of strong demand for value-added EDGAR information and our successful acquisition of FreeEDGAR in September, our fourth quarter revenues were significantly higher than those in previously published analysts' reports," said Tom Vos, president of EDGAR Online. "We are experiencing strong growth in subscriptions, corporate contracts and advertising and believe we have the platform for growth in the coming year." EDGAR Online expects to report 1999 results on February 1, 2000.

About EDGAR Online

EDGAR Online, Inc. (http://www.edgar-online.com and http://www.freeedgar.com and http://www.ipo-express.com) is a Web-based provider of business, financial and competitive information derived from U.S. Securities and Exchange Commission data. Additional services include value-added functions like IPO Express, a service that provides easy-to-use, detailed information on IPO filings, pricings and performance, EDGAR Online People (http://www.edgar-online.com/people), a service that allows users to conduct research on corporate executive and directors, and EDGAR Online Personal, which provides real-time Web and email based alerting, and other personalized advanced searches of SEC data.

Based in Norwalk, Connecticut, with offices in Kirkland, Washington and New York City, EDGAR Online, Inc. has strategic relationships with portal, business and financial information Web sites including Yahoo! (Nasdaq: YHOO), Lycos, Inc. (Nasdaq: LCOS), Infoseek's GO Network part of Go.com (NYSE: GO), CNET's SNAP (Nasdaq: CNET), Alta Vista, a CMGI Company (Nasdaq: CMGI), PointCast, Infospace (Nasdaq: INSP), CBS MarketWatch (Nasdaq: MKTW), SmartMoney.com (NYSE: DJ), CMPnet's TechInvestor, Hoover's (Nasdaq: HOOV), Motleyfool.com, Quote.com, Business Wire, Track Data (Nasdaq: TRAC), MSNBC Microsoft (Nasdaq: MSFT) and NBC/General Electric (NYSE: GE) Big Charts. For more information, please visit the Company's Web site at http://www.edgar-online.com/news.

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. EDGAR Online, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by EDGAR Online, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the online business and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.

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