<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

         For the quarterly period ended SEPTEMBER 30, 2000
                                        ------------------

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

         For the transition period from                    to
                                        ------------------    -----------------

         Commission file number:  0-17287
                                  -------

                              GLOBAL OUTDOORS, INC.
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

             Alaska                                       33-0074499
---------------------------------                   ----------------------
  (State or other Jurisdiction                          (IRS Employer
of incorporation or organization)                   Identification Number)

                      43445 BUSINESS PARK DRIVE, SUITE 113
                           TEMECULA, CALIFORNIA 92590
--------------------------------------------------------------------------------
              (Address and zip code of principal executive offices)

                                 (909) 699-4749
--------------------------------------------------------------------------------
                (Issuer's telephone number, including area code)

--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)


Check whether the Issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to the filing requirements for at least
the past 90 days.  Yes [X]  NO [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

                                                    Number of Shares Outstanding
            Class                                       at November 13, 2000
            -----                                   ----------------------------
 Common Stock, $.02 par value                                5,271,073

<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB


                              FINANCIAL STATEMENTS
                                 PART I - ITEM 1


--------------------------------------------------------------------------------

                    FOR THE QUARTER ENDED SEPTEMBER 30, 2000

--------------------------------------------------------------------------------


                              GLOBAL OUTDOORS, INC.


                                       -2-
<PAGE>

                     GLOBAL OUTDOORS, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS


                                     ASSETS

                                                      September 30  December 31
                                                      ------------  ------------
                                                          2000          1999
                                                      ------------  ------------
                                                      (unaudited)
Current assets:
     Cash and cash equivalents                        $ 1,434,665   $   750,351
     Accounts receivables, net of allowance for
       doubtful accounts of $48,868 and $57,766         1,913,027       965,371
     Inventories                                           52,759        54,810
     Deferred tax assets, net                              86,550        86,550
     Receivable from stockholders                          28,775        17,700
     Other current assets                                  64,006        15,035
                                                      ------------  ------------
           Total current assets                         3,579,782     1,889,817
                                                      ------------  ------------

Property, plant and equipment, net:
     Membership recreational mining properties          1,375,006     1,352,373
     Alaska recreational mining properties              1,295,098     1,338,988
     Outdoor Channel equipment and improvements           665,017       505,063
     Other equipment and leasehold improvements           341,065       328,226
                                                      ------------  ------------
        Property, plant and equipment, net              3,676,186     3,524,650
                                                      ------------  ------------

Trademark, net of accumulated amortization of
     $53,713 and $42,777                                  165,010       175,946
Deferred tax assets, net                                  925,000     1,000,000
Deposits and other assets                                 126,793        89,062
                                                      ------------  ------------

           Totals                                     $ 8,472,771   $ 6,679,475
                                                      ============  ============

See Notes to Condensed Consolidated Financial Statements

                                      -3-
<PAGE>

<TABLE>
                        GLOBAL OUTDOORS, INC. AND SUBSIDIARIES
                         CONDENSED CONSOLIDATED BALANCE SHEETS
<CAPTION>

                         LIABILITIES AND STOCKHOLDERS' EQUITY

                                                           September 30   December 31
                                                           ------------   ------------
                                                               2000           1999
                                                           ------------   ------------
                                                           (unaudited)
<S>                                                        <C>            <C>
Current liabilities:
  Accounts payable and accrued expenses                    $   596,873    $   711,646
  Current portion of notes and capital lease
    obligations payable                                        253,954        528,851
  Current portion of stockholder loans                           1,936          1,936
                                                           ------------   ------------
        Total current liabilities                              852,763      1,242,433

Stockholder loans, net of current portion                      612,837        435,700
Other notes and capital lease obligations payable,
  net of current portion                                       385,530        661,237
Deferred revenues                                            1,943,469      1,818,468
Deferred satellite rent obligations                            601,535        624,700
Deferred compensation                                          304,250        300,751
                                                           ------------   ------------
        Total liabilities                                    4,700,384      5,083,289
                                                           ------------   ------------

Commitments and contingencies

Minority interest in subsidiary                                877,231        390,526
                                                           ------------   ------------

Stockholders' equity:
  Convertible preferred stock, nonvoting, 10%
     noncumulative, no liquidation preference,
     $.001 par value; 10,000,000 shares
     authorized; 60,675 shares issued and outstanding               61             61
  Common stock, $.02 par value; 50,000,000 shares
     authorized; 5,271,073 and 5,266,073 shares issued
     and outstanding, respectively                             105,383        105,283
  Less common stock subscriptions receivable                  (221,250)      (221,250)
  Additional paid-in capital                                 3,356,133      3,336,233
  Accumulated deficit                                         (345,171)    (2,014,667)
                                                           ------------   ------------
        Total stockholders' equity                           2,895,156      1,205,660
                                                           ------------   ------------

        Totals                                               8,472,771      6,679,475
                                                           ============   ============
</TABLE>
See Notes to Condensed Consolidated Financial Statements

                                         -4-
<PAGE>

<TABLE>
                                   GLOBAL OUTDOORS, INC. AND SUBSIDIARIES
                             CONDENSED CONSOLIDATED STATEMENTS OF INCOME
<CAPTION>

                                                     Three Months Ended              Nine Months Ended
                                                     ------------------              -----------------
                                                        September 30                    September 30
                                                        ------------                    ------------
                                                        (unaudited)                     (unaudited)
                                                    2000            1999            2000            1999
                                               -------------   -------------   -------------   -------------
<S>                                            <C>             <C>             <C>             <C>
Revenues:
  Advertising                                  $  1,694,393    $  1,098,442    $  5,073,272    $  2,814,760
  Subscriber fees                                   747,996         394,881       2,083,841         837,728
  Membership services                               714,213         481,533       2,268,740       1,991,460
  Trips and outings                                 807,360         739,700         807,360         739,700
                                               -------------   -------------   -------------   -------------
          Total revenues                          3,963,962       2,714,556      10,233,213       6,383,648
                                               -------------   -------------   -------------   -------------

Expenses:
  Satellite transmission fees                       531,326         521,593       1,588,098       1,559,067
  Advertising and programming                       295,462          22,710         910,508          90,264
  Trips and outings                                 507,014         478,890         507,014         478,890
  Selling, general and administrative             1,716,215       1,203,867       5,062,473       3,761,457
                                               -------------   -------------   -------------   -------------
          Total expenses                          3,050,017       2,227,060       8,068,093       5,889,678
                                               -------------   -------------   -------------   -------------

Income from operations                              913,945         487,496       2,165,120         493,970

Other income (expense):
  Gain on sale of common stock of subsidiary                                                        408,859
  Interest, net                                     (20,375)        (31,592)        (72,261)       (114,601)
                                               -------------   -------------   -------------   -------------

Income before provision for income taxes and
  minority interest                                 893,570         455,904       2,092,859         788,228

Provision for income taxes                          375,000                          75,000             800
                                               -------------   -------------   -------------   -------------

Income before minority interest                     518,570         455,904       2,017,859         787,428

Minority interest in net income of
  consolidated subsidiary                           112,328          51,821         348,363          72,164
                                               -------------   -------------   -------------   -------------

Net income                                          406,242         404,083       1,669,496         715,264
                                               =============   =============   =============   =============

Net income per share:
  Basic                                        $       0.08    $       0.08    $       0.32    $       0.14
                                               =============   =============   =============   =============
  Diluted                                      $       0.07    $       0.08    $       0.31    $       0.13
                                               =============   =============   =============   =============

Weighted averge number of common
  shares outstanding
  Basic                                           5,266,997       5,266,073       5,266,383       5,259,331
                                               =============   =============   =============   =============
  Diluted                                         5,457,515       5,343,990       5,457,539       5,337,248
                                               =============   =============   =============   =============
</TABLE>
See Notes to Condensed Consolidated Financial Statements

                                                    -5-
<PAGE>

<TABLE>
                          GLOBAL OUTDOORS, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
<CAPTION>

                                                              Nine Months Ended September 30
                                                              ------------------------------
                                                                   2000           1999
                                                               ------------   ------------
<S>                                                            <C>            <C>
Operating activities:
   Net income                                                  $ 1,669,496    $   715,264
   Adjustments to reconcile net income to net cash
         provided by operating activities:
         Depreciation and amortization                             186,961        185,229
         Provision for doubtful accounts                            (8,898)
         Provision for income taxes                                 75,000
         Interest on stock subscription receivable                 (11,075)        (6,638)
         Gains on sale of common stock to the public:
            Shares sold by the subsidiary                                        (261,961)
            Shares sold by the Company                                           (146,898)
         Issuance of stock as compensation                          20,000
         Minority interest in net income of consolidated
            subsidiary                                             486,705         72,164
   Cash supplied (used) by changes in operating assets
         and liabilities:
         Accounts receivable                                      (938,758)      (532,468)
         Inventories                                                 2,051          9,668
         Income taxes receivable                                                    1,549
         Other current assets                                      (48,971)       (16,201)
         Deposits and other assets                                 (37,731)       (28,927)
         Accounts payable and accrued expenses                    (114,773)        28,804
         Deferred revenues                                         125,001        161,651
         Deferred satellite rent obligations                       (23,165)       139,835
         Deferred compensation                                       3,499         10,000
                                                               ------------   ------------

             Net cash provided by operating activities           1,385,342        331,071
                                                               ------------   ------------
Investing activities:
    Purchases of property, plant, and equipment                   (327,561)      (629,827)
    Expenditures for trademarks                                                    (1,279)
                                                               ------------   ------------

             Net cash used in investing activities                (327,561)      (631,106)
                                                               ------------   ------------

Financing activities:
    Principal payments on long-term debt and capital leases       (550,604)      (180,159)
    Principal payments on stockholder loans                         (2,863)       (29,674)
    Advances from stockholders                                     180,000
    Net proceeds from sale of subsidiary stock to the public                      617,502
                                                               ------------   ------------

             Net cash provided by (used in) financing
                activities                                        (373,467)       407,669
                                                               ------------   ------------

Net increase in cash and cash equivalents                          684,314        107,634

Cash and cash equivalents, beginning of period                     750,351        326,225
                                                               ------------   ------------

Cash and cash equivalents, end of period                       $ 1,434,665    $   433,859
                                                               ============   ============
</TABLE>
See Notes to Condensed Consolidated Financial Statements

                                            -6-
<PAGE>

                     GLOBAL OUTDOORS, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note 1.  Organization, Management Statement and Reference to Form 10-KSB

         Organization
         ------------

         Global Outdoors, Inc. (the "Company") owns a majority interest in The
         Outdoor Channel, Inc. ("The Outdoor Channel" or "Channel"), a national
         television network devoted primarily to traditional outdoor activities,
         such as hunting, fishing, shooting sports, rodeo and recreational gold
         prospecting. The Company has a variety of other business activities.
         The Company receives revenues from the sale of memberships in a gold
         prospecting club, Gold Prospectors' Association of America, Inc.
         ("GPAA") and from the sale of memberships in Lost Dutchman's (LDMA-AU,
         Inc.) which entitle members to engage in recreational prospecting on
         its California, Oregon, Alaska, Nevada, Arizona, Colorado, Georgia,
         North Carolina and South Carolina properties. The Company has signed a
         mutual use agreement with another organization whose members are
         entitled to engage in recreational mining on certain of each other's
         properties. The Company receives revenues from its trips and outings
         division which includes its "Alaska Trip," a recreational gold mining
         expedition to the Company's Cripple River property located near Nome,
         Alaska, advertising revenue in a bi-monthly magazine, advertising
         revenues through cable television programming on The Outdoor Channel,
         Inc. and through merchandise sales. Effective July 23, 1996, the
         Company changed its name from Global Resources, Inc. to Global
         Outdoors, Inc.


Note 2.  Unaudited Interim Financial Statements

         In the opinion of management, the accompanying unaudited condensed
         consolidated financial statements reflect all adjustments, consisting
         of normal recurring accruals, necessary to present fairly the financial
         position of the Company as of September 30, 2000 and its results of
         operations for the three and nine months ended September 30, 2000 and
         1999 and cash flows for the nine months ended September 30,2000 and
         1999. Information included in the condensed consolidated balance sheet
         as of December 31, 1999 has been derived from, and certain terms used
         herein are defined in, the audited financial statements of the Company
         as of December 31, 1999 and for the years ended December 31, 1999 and
         1998 (the "Audited Financial Statements") included in the Company's
         Annual Report on Form 10-KSB (the "10-KSB") for the year ended December
         31, 1999 that was previously filed with the Securities and Exchange
         Commission (the "SEC"). Pursuant to the rules and regulations of the
         SEC, certain information and disclosures normally included in financial
         statements prepared in accordance with generally accepted accounting
         principles have been condensed or omitted from these financial
         statements unless significant changes have taken place since the end of
         the most recent fiscal year. Accordingly, these unaudited condensed
         consolidated financial statements should be read in conjunction with
         the Audited Financial Statements and the other information also
         included in the 10-KSB.

         The results of the Company's operations for the three and nine months
         ended September 30, 2000 are not necessarily indicative of the results
         of operations for the full year ending December 31, 2000.

                                      -7-
<PAGE>

                     GLOBAL OUTDOORS, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note 3.  Stockholders' Equity

         On September 12, 1994, the company effected a 2 for 1 forward split of
         its common stock. On March 4, 1992, the company effected a 1 for 20
         reverse split of its common stock. On May 1, 1989, the Company
         distributed a 10% common stock dividend. Share amounts herein reflect
         the foregoing activity.

Note 4.  Earnings per share

         The Company has presented "basic" earnings per common share in the
         accompanying consolidated statements of income in accordance with the
         provisions of Statement of Financial Accounting Standards No. 128,
         "Earnings per Share" ("SFAS 128"). Basic earnings per common share is
         calculated by dividing net income applicable to common stock by the
         weighted average number of common shares outstanding during each
         period. The calculation of diluted earnings per common share is similar
         to that of basic earnings per common share, except that the denominator
         is increased to include the number of additional common shares that
         would have been outstanding if all potentially dilutive common shares,
         such as those that could be issued upon the exercise of stock options
         and warrants and the conversion of preferred stock, were issued during
         the period.

         The computation of diluted earnings per common share for the three and
         nine months ended September 30, 2000 and the three and nine months
         ended September 30, 1999 takes into account the effects on the weighted
         average number of common shares outstanding of the assumed exercise of
         all of the Company's outstanding stock options and warrants, adjusted
         for the application of the treasury stock method, and the conversion of
         all of the Company's outstanding shares of preferred stock.

         The following table reconciles the calculation of basic earnings per
         share to diluted earnings per share in the three and nine months ended
         September 30, 2000:

<TABLE>
<CAPTION>
                                                                         Three months ended            Nine months ended
                                                                         September 30, 2000            September 30, 2000
                                                                     --------------------------    --------------------------

                                                                                     Earnings                      Earnings
                                                                                       Per                           Per
                                                                        Shares        Share           Shares        Share
                                                                     ------------  ------------    ------------  ------------
            <S>                                                      <C>           <C>             <C>           <C>
            Weighted average common shares outstanding and basic
                earnings per common share                              5,266,997   $       .08       5,266,383   $       .32
                                                                                   ============                  ============
            Dilutive effect of potential common shares issuable
                upon conversion of preferred stock                        60,675                        60,675

            Dilutive effect of potential common shares issuable
                upon exercise of stock options and warrants,
                as adjusted for the application of the treasury
                stock method                                             129,843                       130,481
                                                                     ------------                  ------------
            Diluted weighted average common shares
                outstanding and diluted earnings per
                common share                                           5,457,515   $       .07       5,457,539    $       .31
                                                                     ============  =============   ============   ============
</TABLE>

                                      -8-
<PAGE>

                     GLOBAL OUTDOORS, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note 5.  Income taxes

         The Company had income tax provisions of $375,000 and $75,000 in the
         three months and nine months ended September 30, 2000, respectively.
         The Company had no provisions or credits for income taxes for the three
         or nine months ended September 30, 1999.

         During the nine months ended September 30, 2000, the Company was able
         to increase revenues substantially, generate pre-tax income for
         financial statement and tax reporting purposes and utilize a portion of
         its net operating loss carryforwards (see Note 7 in the 10-KSB). In
         addition, management believes that it is more likely than not that the
         Company will be able to generate sufficient future taxable income to
         enable it to utilize all of the company's remaining net operating loss
         carryforwards available of approximately $1,000,000 as of September 30,
         2000. Accordingly, the Company reduced its net deferred tax asset
         valuation allowance by approximately $500,000 in the first six months
         of the nine months ended September 30, 2000.

         The provision for income taxes reflected in the accompanying condensed
         consolidated statements of income for the three and nine months ended
         September 30, 2000 is different than it would be computed based on the
         applicable statutory Federal income tax rate of 34% primarily as a
         result of the changes in the valuation allowance as shown below:

<TABLE>
<CAPTION>
                                                    Three months ended    Nine months ended
                                                    September 30, 2000    September 30, 2000
                                                    ------------------    ------------------
         <S>                                          <C>                   <C>
         Federal income tax provisions
             at statutory income tax rate             $   303,800           $   711,600

         State tax provision net of Federal
             tax benefit                                   71,500               160,000

         Effect of utilization of net operating
             loss carryforwards                                                (307,758)

         Effect of reduction in valuation
             allowance for recognition of future
             utilization of net operating loss
             carryforwards                                                     (500,000)

         Other                                               (300)               11,158
                                                      ------------          ------------

         Provision for income taxes                   $   375,000           $    75,000
                                                      ============          ============
</TABLE>

                                      -9-
<PAGE>

                     GLOBAL OUTDOORS, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note 6.  Segment information

         The Company has adopted the provisions of Statement of Financial
         Accounting Standards No. 131, DISCLOSURES ABOUT SEGMENTS OF AN
         ENTERPRISE AND RELATED INFORMATION ("SFAS 131"). Pursuant to the
         provisions of SFAS 131, the Company is reporting segment information in
         the same format reviewed by the Company's management (the "management
         approach"). The Company segregates its business activities into the
         major areas that generate revenues. LDMA-AU and GPAA membership sales
         and related activities are reported separately as they deal with
         recreational prospecting and rights to use land and facilities for
         camping and recreational vehicle parking. Trips and outings constitute
         another business activity of the Company whereby members can
         participate in a group prospecting activity at a Company site, usually
         lasting for a week or less. The annual Alaska trip, included in this
         category, allows members to travel to the Company's Alaska property
         from one to six weeks to participate in prospecting activities. The
         Outdoor Channel is a separate business activity whereby the subsidiary
         broadcasts television programming on "The Outdoor Channel" 24 hours a
         day, seven days a week, and recognizes advertising and subscription
         revenues.

         Information with respect to these reportable business segments for the
         three months and nine months ended September 30, 2000 is as follows:

<TABLE>
<CAPTION>
                                             Income (Loss)                     Depreciation     Additions to
                                                Before           Total             and         Property, Plant
                              Revenues       Income Taxes        Assets        Amortization    and Improvements
                            ------------     ------------     ------------     ------------     ------------
<S>                         <C>              <C>              <C>              <C>              <C>
Three months ended September 30, 2000

Trips and Outings           $   807,360      $   300,346      $ 1,295,098      $    23,022      $    27,828
The Outdoor Channel           2,431,369          598,007        3,593,523           33,444           62,142
Membership sales
   of recreational
   prospecting and
   mineral rights and
   merchandise sales            725,233           (4,783)       3,584,150            7,031           49,431
                            ------------     ------------     ------------     ------------     ------------

      Totals                $ 3,963,962      $   893,570      $ 8,472,771      $    63,497      $   139,401
                            ============     ============     ============     ============     ============


Nine months ended September 30, 2000

Trips and Outings           $   807,360      $   300,346      $ 1,295,098      $    71,718       $   27,828
The Outdoor Channel           6,861,733        1,864,319        3,593,523          100,332          254,706
Membership sales
   of recreational
   prospecting and
   mineral rights and
   merchandise sales          2,564,120          (71,806)       3,584,150           14,912           45,027
                            ------------     ------------     ------------     ------------     ------------

      Totals                $10,233,213      $ 2,092,859      $ 8,472,771      $   186,962      $   327,561
                            ============     ============     ============     ============     ============
</TABLE>

                                                    -10-
<PAGE>

<TABLE>
                                    GLOBAL OUTDOORS, INC. AND SUBSIDIARIES
                             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                                  (Unaudited)
<CAPTION>

                 Information with respect to these reportable business segments for the three
                 months and nine months ended September 30, 1999 is as follows:


                                                Income                         Depreciation     Additions to
                                                Before           Total             and         Property, Plant
                              Revenues       Income Taxes        Assets        Amortization    and Improvements
                            ------------     ------------     ------------     ------------     ------------
<S>                         <C>              <C>              <C>              <C>              <C>
Three months ended September 30, 1999

Trips and Outings           $   580,618      $   121,626      $ 1,465,893      $    20,886      $    36,872
The Outdoor Channel           1,396,088          231,079        1,763,049           23,136           39,040
Membership sales
   of recreational
   prospecting and
   mineral rights and
   merchandise sales            737,860          103,199       1,730,075           17,721           87,548
                            ------------     ------------     ------------     ------------     ------------

      Totals                $ 2,714,566      $   455,904      $ 4,959,017      $    61,743      $   163,460
                            ============     ============     ============     ============     ============


Nine months ended September 30, 1999

Trips and Outings           $   580,618      $   121,626      $ 1,465,893      $    62,658      $    75,912
The Outdoor Channel           3,477,370          178,163        1,763,049           69,408          178,807
Membership sales
   of recreational
   prospecting and
   mineral rights and
   merchandise sales          2,325,660          488,439        1,730,075           53,163          469,868
                            ------------     ------------     ------------     ------------     ------------

      Totals                $ 6,383,648      $   788,228      $ 4,959,017      $   185,229      $   724,587
                            ============     ============     ============     ============     ============
</TABLE>

                                                     -11-
<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

This report on Form 10-QSB contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. The Company intends that such forward-looking
statements be subject to the safe harbors created thereby. This report should be
read in conjunction with the Company's report on Form 10-KSB for the year ended
December 31, 1999.

COMPARISON OF QUARTERS ENDED SEPTEMBER 30, 2000 AND SEPTEMBER 30, 1999

         REVENUES. The Company's revenues include revenues from advertising
fees, subscriber fees, GPAA and Lost Dutchman's membership sales, product sales
and trips and outings sales. Advertising fees result from the sale of
advertising time on The Outdoor Channel and from advertising space in
publications such as the Gold Prospector magazine. Revenues for the quarter
ended September 30, 2000 were $3,963,962, an increase of $1,249,406, or 46%,
compared to revenues of $2,714,556 for the quarter ended September 30, 1999.
This increase was the result of changes in several items composing revenue.
Advertising increased significantly to $1,694,393 for the quarter ended
September 30, 2000 from $1,098,442 for the quarter ended September 30, 1999,
primarily due to an increase in advertising revenue on The Outdoor Channel.
Subscriber fees nearly doubled at $747,996 for the quarter ended September 30,
2000 compared to $394,881 for the quarter ended September 30, 1999, primarily
due to carriage of The Outdoor Channel on the Dish Network. Membership services
increased to $714,213 for the quarter ended September 30, 2000 from $481,533 for
the quarter ended September 30, 1999, due principally to the Company devoting
increased resources to membership development and retention. Trips and outings
increased noticeably to $807,360 for the quarter ended September 30, 2000 from
$739,700 for the quarter ended September 30, 1999, due primarily to increased
participation on the Company's Alaska trip expedition.

         EXPENSES. The Company's expenses consist primarily of the cost of
satellite transponder and uplink facilities, programming, advertising and
promotion, trips and outings expenses, sales and administrative salaries, office
expenses and general overhead. Expenses for the quarter ended September 30, 2000
were $3,050,017, an increase of $822,957, or 37%, compared to $2,227,556 for the
quarter ended September 30, 1999. This increase was primarily the result of an
increase in selling, general and administrative expenses and an increase in
advertising and programming expenses. Selling, general and administrative
expenses increased significantly to $1,716,215 for the quarter ended September
30, 2000, compared to $1,203,867 for the quarter ended September 30, 1999. This
increase was due primarily to growth at The Outdoor Channel. Advertising and
programming expenses increased to $295,462 for the quarter ended September 30,
2000, compared to $22,710 for the quarter ended September 30, 1999, due to The
Outdoor Channel's consumer and trade awareness campaigns. Satellite transmission
fees stabilized at $531,326 for the quarter ended September 30, 2000 compared to
$521,593 for the quarter ended September 30, 1999, due to satellite transponder
expenses plateauing. Trips and outings expenses remained near the same level at
$507,014 for the quarter ended September 30, 2000 compared to $478,890 for the
quarter ended September 30, 1999, due to the Company controlling Alaska trip
expenses.

         INCOME BEFORE PROVISION FOR INCOME TAXES AND MINORITY INTEREST. Income
before provision for income taxes and minority interest was higher as a
percentage of revenues at 23% for the quarter ended September 30, 2000 compared
to 17% for the quarter ended September 30, 1999. This was due primarily to the
Company having significantly higher income from operations of $913,945 for the
quarter ended September 30, 2000, compared to $487,496 for the quarter ended
September 30, 1999.

                                      -12-
<PAGE>

COMPARISON OF NINE MONTHS ENDED SEPTEMBER 30, 2000 AND SEPTEMBER 30, 1999

         REVENUES. The Company's revenues include revenues from advertising
fees, subscriber fees, GPAA and Lost Dutchman's membership sales, product sales
and trips and outings sales. Advertising fees result from the sale of
advertising time on The Outdoor Channel and from advertising space in
publications such as the Gold Prospector magazine. Revenues for the nine months
ended September 30, 2000 were $10,233,213, an increase of $3,849,565, or 60%,
compared to revenues of $6,383,648 for the nine months ended September 30, 1999.
This increase was the result of changes in several items composing revenue.
Advertising increased significantly to $5,073,272 for the nine months ended
September 30, 2000 from $2,814,760 for the nine months ended September 30, 1999,
primarily due to an increase in advertising revenue on The Outdoor Channel.
Subscriber fees more than doubled to $2,083,841 for the nine months ended
September 30, 2000 from $837,728 for the nine months ended September 30, 1999,
primarily due to carriage of The Outdoor Channel on the Dish Network. Membership
services increased to $2,268,740 for the nine months ended September 30, 2000
from $1,991,460 for the nine months ended September 30, 1999, due principally to
the Company devoting increased resources to membership development and
retention. Trips and outings increased noticeably to $807,360 for the nine
months ended September 30, 2000 from $739,700 for the nine months ended
September 30, 1999, due primarily to increased participation on the Company's
Alaska trip expedition.

         EXPENSES. The Company's expenses consist primarily of the cost of
satellite transponder and uplink facilities, programming, advertising and
promotion, trips and outings expenses, sales and administrative salaries, office
expenses and general overhead. Expenses for the nine months ended September 30,
2000 were $8,068,093, an increase of $2,178,415, or 37%, compared to $5,889,678
for the nine months ended September 30, 1999. This increase was primarily the
result of an increase in selling, general and administrative expenses and an
increase in advertising and programming expenses. Selling, general and
administrative expenses increased significantly to $5,062,473 for the nine
months ended September 30, 2000, compared to $3,761,457 for the nine months
ended September 30, 1999. This increase was due primarily to growth at The
Outdoor Channel. Advertising and programming expenses increased substantially to
$910,508 for the nine months ended September 30, 2000, compared to $90,264 for
the nine months ended September 30, 1999, due to The Outdoor Channel's consumer
and trade awareness campaigns. Satellite transmission fees remained near the
same level at $1,588,098 for the nine months ended September 30, 2000 compared
to $1,559,067 for the nine months ended September 30, 1999, due to satellite
transponder expenses plateauing. Trips and outings expenses remained near the
same level at $507,014 for the nine months ended September 30, 2000 compared to
$478,890 for the nine months ended September 30, 1999, due to the Company
controlling Alaska trip expenses.

         INCOME BEFORE PROVISION FOR INCOME TAXES AND MINORITY INTEREST. Income
before provision for income taxes and minority interest was significantly higher
as a percentage of revenues at 20% for the nine months ended September 30, 2000
compared to 12% for the nine months ended September 30, 1999. This was due
primarily to the Company having income from operations of $2,165,120 for the
nine months ended September 30, 2000, compared to $493,970 for the nine months
ended September 30, 1999.

GENERAL

     Global Outdoors, Inc. (the "Company" or "Global") is the principal owner of
The Outdoor Channel, Inc. which owns and operates The Outdoor Channel ("The
Outdoor Channel" or "Channel"), the first national television network devoted
primarily to traditional outdoor activities, such as hunting, fishing, shooting
sports, rodeo and recreational gold prospecting. The Company also owns and
operates related businesses which serve the interests of viewers of The Outdoor
Channel and other outdoor enthusiasts. These related businesses include,
LDMA-AU, Inc. ("Lost Dutchman's"), Gold Prospectors' Association of America,

                                      -13-
<PAGE>

Inc. ("GPAA") and the Trips Division. Lost Dutchman's is a national recreational
gold prospecting campground club with properties in California, Alaska, Oregon,
Nevada, Arizona, Colorado, Georgia, South Carolina and North Carolina. GPAA is
the largest recreational gold prospecting club in the world. GPAA also sells
products and services related to recreational gold prospecting and is the
publisher of the Gold Prospector magazine. The Company's Trips and Outings
Division sponsors unique recreational prospecting trips to the historic Mother
Lode area of California and to the Company's 2300 acre camp, located 11 miles
west of Nome, Alaska.

         The Company has been selling its GPAA club memberships since its
incorporation in 1984. From 1968 to 1984, GPAA memberships were sold by the
proprietorship owned by the Company's founders. GPAA membership sales took a
marked upswing in 1992 in conjunction with the airing of the "Gold Prospector
Show," a show the Company has owned and produced since 1990. During 1992, the
"Gold Prospector Show" was broadcast on various television and cable channels,
for which the Company purchased air time. In 1993, GPAA launched The Outdoor
Channel and, since then, broadcasts of the "Gold Prospector Show" and related
sales of GPAA memberships have occurred principally through The Outdoor Channel.
The Company intends that The Outdoor Channel be used as a primary vehicle to
promote the Company's services and products and anticipates that it will be a
factor in the future growth of GPAA, Lost Dutchman's and the Trips Division. In
that regard, in 1998 the Company entered into a long term contract with The
Outdoor Channel whereby the Company has the rights to ten hours of programming
time and thirty sixty second advertising spots per week. The Outdoor Channel
became profitable and cash flow positive in the second quarter of 1999.
Subsequently, the Company has directed more resources to other Company
divisions. For example, in September 1999, the Company commenced airing
"Prospecting America" on The Outdoor Channel. Prospecting America, hosted by
Perry Massie, is a new series produced by the Company's television production
unit.

         Although The Outdoor Channel is not aligned with any sizable
entertainment or cable company, as are many emerging channels, it has achieved
substantial visibility in the cable industry. The Outdoor Channel is committed
to converting visibility for the Channel's programming into greater distribution
in cable households. Greater distribution will allow The Outdoor Channel to
charge higher advertising rates, command higher subscriber fees from cable
affiliates, attract more advertisers and receive greater revenues for the
Company's products.

         In 1998, The Outdoor Channel signed an affiliation agreement with
EchoStar Satellite Corporation ("EchoStar"), one of the largest direct broadcast
satellite companies ("DBS") in the U.S. with approximately four million
subscribers. The Outdoor Channel's launch on EchoStar's Dish Network occurred in
December 1998. Commencing February 1, 1999, The Outdoor Channel has been
available on the Dish Network on an al a carte basis (i.e stand alone) for a fee
of $1.99 per month. The Channel receives a significant portion of the monthly a
la carte subscriber fees. In April 2000, The Outdoor Channel was also launched
on the Dish Network's America's Top 150 package. As of November 2000 there were
approximately 1,000,000 Dish Network subscribers that received The Outdoor
Channel.

         In May 2000, The Outdoor Channel signed a national affiliation
agreement with Cox Communications one of the largest multi system cable
operators ("MSOs") in the U.S.

         A primary objective of the Company is for The Outdoor Channel to obtain
distribution. To accomplish this objective the Channel seeks to sign national
carriage agreements with MSOs and thereafter carriage agreements with the MSOs'
individual cable affiliates. Efforts to obtain distribution for The Outdoor
Channel to date have largely been focused on areas where there are the greatest
number of outdoor enthusiasts, mainly in rural areas of the United States. As of
November 2000 The Outdoor Channel was launched on approximately 2,500 cable
systems with approximately 6.2 million subscribers. The Outdoor Channel is under
contract with or has signed national carriage agreements with over 75 of the top
100 multi-system cable operators representing over 40 million potential
households.

                                      -14-
<PAGE>

         On October 19, 2000 the Board of Directors of The Outdoor Channel
authorized the purchase by The Outdoor Channel of up to 100,000 shares of the
common stock of Global Outdoors in the over the counter public market. As of
November 13, 2000, The Outdoor Channel had purchased approximately 30,000 shares
of Global Outdoors common stock pursuant to this authorization.

         On October 27, 2000, the Company announced that The Outdoor Channel is
exploring strategic alternatives to bolster its growth and enhance value. These
alternatives include strategic investment or equity financing. As of November
13, 2000, The Outdoor Channel had not entered into any strategic alternative
agreements. However, The Outdoor Channel is actively evaluating its strategic
alternative options.

         As of November 2000, the Company is generating sufficient cash flow
from operations to meet its short- term cash flow requirements. The Outdoor
Channel is also meeting its short-term cash flow requirements and is profitable.
Management believes that the Company's existing cash resources and anticipated
cash flow from operations will be sufficient to fund the Company's operations at
current and moderately expanded levels for the next twelve months. In the event
that the Company desires to grow at an accelerated rate, to the extent that its
anticipated cash flow is insufficient to finance the Company's working capital
requirements, the Company could be required to seek financing. There can be no
assurance that equity or debt financing will be available if needed, or, if
available, will be on terms favorable to the Company or its shareholders.
Significant dilution may be incurred by present shareholders as a result of any
such financing. At the current level of operations, the Company is retiring some
of its existing debt and intends to make further improvements to some of its
other properties. At the current level of operations, the Channel has increased
its promotional activities and has augmented its professional staff. The Outdoor
Channel has retired some of its debt with the Company in the first nine months
of 2000 and intends on retiring the remaining portions of said debt in the
fourth quarter of 2000. The Company presently intends to utilize such funds for
working capital, to be in a position to retire a portion of its loans and to
make Lost Dutchman's and GPAA acquisitions and improvements.

         Since July 30, 1997, the Company's Common Stock has been traded on the
NASD's over the counter Bulletin Board under the symbol "GLRS." Price quotes on
the Company's Common Stock can be obtained from any stockbroker. Also, price
quotes can be obtained from a number of other sources including internet sites
on America On Line, Yahoo Finance and cnbc.com.

                                      -15-
<PAGE>

                           PART II - OTHER INFORMATION


ITEM 6.       EXHIBITS AND REPORTS ON FORM 8-K

     (a)      Exhibits
              --------


              Exhibit
              Number
              ------

              27      Financial Data Schedule (SEC filing only).


     (b)      Reports on Form 8-K
              -------------------

              None.

                                      -16-
<PAGE>

                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                         GLOBAL OUTDOORS, INC.
                                             (Registrant)



Dated:  November 14, 2000                By:     /s/ PERRY T. MASSIE
                                            -----------------------------------
                                            PERRY T. MASSIE,
                                            President and Chief
                                            Executive Officer



Dated:  November 14, 2000                By:     /s/ RONALD D. WARD
                                            -----------------------------------
                                            RONALD D. WARD,
                                            Controller
                                            (Principal Financial Officer)


                                      -17-