
<TABLE> <S> <C>

<PAGE>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM EMUSIC.COM
INC.'S ANNUAL REPORT ON FORMS 10-KSB/A FOR THE YEAR ENDED JUNE 30, 1998, AND
QUARTERLY REPORT ON FORMS 10-QSB FOR THE QUARTER ENDED SEPTEMBER 30, 1999, AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-START>                             JUL-01-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                      78,904,548
<SECURITIES>                                         0
<RECEIVABLES>                                  167,851
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            88,602,908
<PP&E>                                       1,989,068
<DEPRECIATION>                                (287,772)
<TOTAL-ASSETS>                             125,164,853
<CURRENT-LIABILITIES>                        3,726,475
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        33,955
<OTHER-SE>                                 121,404,423
<TOTAL-LIABILITY-AND-EQUITY>               125,164,853
<SALES>                                         42,048
<TOTAL-REVENUES>                               180,226
<CGS>                                           25,229
<TOTAL-COSTS>                                   25,229
<OTHER-EXPENSES>                            13,876,647
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             202,571
<INCOME-PRETAX>                            (13,519,079)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (13,519,079)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (13,519,079)
<EPS-BASIC>                                      (1.09)
<EPS-DILUTED>                                    (1.09)


</TABLE>
