<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, 2002
                                        --------------

[ ]      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 Juris-                             (IRS Employer Identification
 diction of incorporation                                   Number)
 or organization)

                      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, 2002
 ----------------------------                       ----------------------------
 Common Stock, $.02 par value                                 5,369,098


<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                              FINANCIAL STATEMENTS
                                 PART I - ITEM 1

--------------------------------------------------------------------------------
                      FOR THE QUARTER ENDED SEPTEMBER 30, 2002
--------------------------------------------------------------------------------

                              GLOBAL OUTDOORS, INC.

                                      -2-




<PAGE>

                     GLOBAL OUTDOORS, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS

                                     ASSETS

                                                     September 30   December 31
                                                    -------------  -------------
                                                         2002           2001
                                                    -------------  -------------
                                                     (unaudited)
Current assets:
      Cash and cash equivalents                     $  3,325,515   $  2,574,429
      Accounts receivable, net                         2,346,822      1,581,272
      Inventories                                         75,941         76,110
      Deferred tax assets, net                           840,813        840,813
      Receivable from stockholders                        62,007         62,007
      Other current assets                                29,391        102,914
                                                    -------------  -------------
             Total current assets                      6,680,489      5,237,545
                                                    -------------  -------------

Property, plant and equipment, net:
      Membership recreational mining properties        1,250,084      1,353,278
      Alaska recreational mining properties            1,129,773      1,098,475
      Outdoor Channel equipment and improvements       1,136,638        711,138
      Other equipment and leasehold improvements         511,781        598,731
                                                    -------------  -------------
         Property, plant and equipment, net            4,028,276      3,761,622
                                                    -------------  -------------

Trademark, net                                           135,850        146,785
Deferred tax assets, net                                  26,563         26,563
Deposits and other assets                                 37,912         41,629
                                                    -------------  -------------
             Totals                                 $ 10,909,090   $  9,214,144
                                                    =============  =============

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
                                                                               -------------  -------------
                                                                                    2002           2001
                                                                               -------------  -------------
                                                                                (unaudited)
<S>                                                                            <C>            <C>
Current liabilities:
      Accounts payable and accrued expenses                                    $    732,472   $  1,102,492
      Customer deposits                                                               2,600
      Current portion of notes and capital lease obligations payable                153,667        233,282
      Current portion of stockholder loans                                          286,728        313,055
      Deferred revenues                                                             703,852        392,025
                                                                               -------------  -------------
             Total current liabilities                                            1,879,319      2,040,854

Stockholder loans, net of current portion                                           220,358        236,826
Other notes and capital lease obligations payable, net of current portion           241,755        357,665
Deferred revenues                                                                 1,050,452        917,535
Deferred satellite rent obligations                                                 465,095        516,260
Deferred compensation                                                               317,750        317,750
                                                                               -------------  -------------
             Total liabilities                                                    4,174,729      4,386,890
                                                                               -------------  -------------
Commitments and contingencies

Minority interest in subsidiary                                                   1,149,372        811,965
                                                                               -------------  -------------
Stockholders' equity:
      Convertible preferred stock, nonvoting, 10% non-cumulative, no liquidation
         preference, $.001 par value; 25,000,000 shares
         authorized; 58,725 shares issued and outstanding at December 31, 2001                          59
      Common stock, $.02 par value; 75,000,000 shares authorized;
         5,369,098 and 5,281,523 shares issued and outstanding                      107,382        105,630
      Less common stock subscriptions receivable                                   (287,050)      (221,250)
      Treasury Stock, at cost; 72,050 and 63,500 shares at
         September 30, 2002 and December 31, 2001, respectively                    (363,511)      (289,532)
      Additional paid-in capital                                                  3,603,832      3,516,125
      Retained earnings                                                           2,524,336        904,257
                                                                               -------------  -------------
             Total stockholders' equity                                           5,584,989      4,015,289
                                                                               -------------  -------------

             Totals                                                             $10,909,090    $ 9,214,144
                                                                               =============  =============
</TABLE>

See Notes to Condensed Consolidated Financial Statements.

                                      -4-

<PAGE>
<TABLE>

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

                                                  Three Months Ended September 30   Nine Months Ended September 30
                                                  ------------------------------    ------------------------------
                                                           (unaudited)                        (unaudited)
                                                       2002            2001              2002            2001

                                                  -------------    -------------     -------------    -------------
<S>                                               <C>              <C>               <C>              <C>
Revenues:
       Advertising                                $  2,845,724     $  1,981,546      $  7,639,705     $  6,316,256
       Subscriber fees                               1,444,372          855,477         4,193,024        2,551,466
       Membership services                             919,051          737,678         2,656,073        2,430,447
       Trips and outings                               612,703          806,149           691,205          895,289
       Other income                                      8,788           28,092            70,714           78,138
                                                  -------------    -------------     -------------    -------------
            Total revenues                           5,830,638        4,408,942        15,250,721       12,271,596
                                                  -------------    -------------     -------------    -------------

Expenses:
       Satellite transmission fees                     589,624          568,581         1,762.057        1,672,859
       Advertising and programming                     903,213          631,755         2,123,201        1,752,055
       Trips and outings                               277,695          491,200           321,395          531,050
       Selling, general and administrative           2,818,836        2,320,531         7,742,431        7,593,175
                                                  -------------    -------------     -------------    -------------

            Total expenses                           4,589,368        4,012,067        11,949,084       11,549,139
                                                  -------------    -------------     -------------    -------------

Income  from operations                              1,241,270          396,875         3,301,637          722,457

Other income (expense):
   Gain on issuance of common stock of subsidiary                                          46,786
   Interest expense                                    (20,079)         (32,983)          (57,369)         (90,732)
   Interest income                                      19,461           23,331            54,125           75,461
                                                  -------------    -------------     -------------    -------------

Income before provision for
   income taxes and minority interest                1,240,652          387,223         3,345,179          707,186

Provision for income taxes                             493,017          166,000         1,316,112          303,000
                                                  -------------    -------------     -------------    -------------

Income before minority interest                        747,635          221,223         2,029,067          404,186

Minority interest in net income of
   consolidated subsidiary                             111,112           35,148           330,950          100,340
                                                  -------------    -------------     -------------    -------------

Net income                                             636,523          186,075         1,698,117          303,846

Preferred stock dividends                                                                 (90,038)
                                                  -------------    -------------     -------------    -------------

Net income applicable to common stock             $    636,523     $    186,075      $  1,608,079     $    303,846
                                                  =============    =============     =============    =============

Earnings per common share:
  Basic                                           $       0.12     $       0.04      $       0.30     $       0.06
                                                  =============    =============     =============    =============
  Diluted                                         $       0.11     $       0.03      $       0.28     $       0.05
                                                  =============    =============     =============    =============

Weighted average number of common shares outstanding:
  Basic                                              5,309,541        5,225,659         5,281,755        5,225,659
                                                  =============    =============     =============    =============
  Diluted                                            5,736,487        5,734,066         5,734,097        5,720,083
                                                  =============    =============     =============    =============

</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,
                                                                -------------------------------
                                                                     2002             2001
                                                                -------------------------------
                                                                          (unaudited)
<S>                                                             <C>              <C>
Operating activities:
    Net income                                                  $ 1,698,117      $   303,846
    Adjustments to reconcile net income to net cash
        provided by operating activities:
        Depreciation and amortization                               523,935          398,656
        Provision for doubtful accounts                             188,145          382,043
        Deferred tax provision                                                       240,485
        Interest on stock subscription receivable                                    (19,939)
        Stock option compensation expense                                             56,250
        Common stock of subsidiary issued for services                9,015
        Gain on issuance of common stock of subsidiary, net         (40,329)
        Minority interest in net income of consolidated
           subsidiary                                               330,950          100,340
    Cash supplied (used) by changes in operating assets
        and liabilities:
        Accounts receivable                                        (953,695)        (189,183)
        Inventories                                                     169           52,080
        Other current assets                                         73,523         (130,834)
        Deposits and other assets                                     3,717           33,896
        Accounts payable and accrued expenses                      (329,649)        (300,881)
        Deferred revenues                                           444,744           17,697
        Deferred satellite rent obligations                         (51,165)         (51,165)
        Deferred compensation                                                         27,250
                                                                ------------     ------------

           Net cash provided by operating activities              1,897,477          920,541
                                                                ------------     ------------

Investing activities:
    Purchases of property, plant, and equipment                    (779,654)        (410,944)
                                                                ------------     ------------

Financing activities:
    Principal payments on long-term debt and capital leases        (195,525)        (408,560)
    Proceeds from long-term debt                                                     350,000
    Principal payments on stockholder loans                         (42,795)        (114,626)
    Purchases of 4,550 shares of treasury stock                     (73,979)         (66,799)
    Proceeds from exercise of stock options                          35,600
    Dividends paid on preferred stock                               (90,038)
                                                                ------------     ------------

           Net cash used in financing activities                   (366,737)        (239,985)
                                                                ------------     ------------

Net increase in cash and cash equivalents                           751,086          269,612

Cash and cash equivalents, beginning of period                    2,574,429        1,844,449
                                                                ------------     ------------

Cash and cash equivalents, end of period                        $ 3,325,515      $ 2,114,061
                                                                ============     ============
Supplemental disclosure of noncash investing and
financing activities:
  Acquisition of equipment under capital lease obligations                       $   214,957
                                                                                    ============

  Common stock issued for purchase of inventory                                  $    18,750
                                                                                    ============

</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, Nevada, Arizona, Colorado, Georgia, North
              Carolina and South Carolina properties. The Company has 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.

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,
              2002 and its results of operations for the three and nine months
              ended September 30, 2002 and 2001 and cash flows for the nine
              months ended September 30, 2002 and 2001. Information included in
              the condensed consolidated balance sheet as of December 31, 2001
              has been derived from, and certain terms used herein are defined
              in, the audited financial statements of the Company as of December
              31, 2001 and for the years ended December 31, 2001 and 2000 (the
              "Audited Financial Statements") included in the Company's Annual
              Report on Form 10-KSB (the "10-KSB") for the year ended December
              31, 2001 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 accounting principles generally accepted in the United States
              of America 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, 2002 are not necessarily indicative of
              the results of operations for the full year ending December 31,
              2002.

                                      -7-

<PAGE>

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

Note 3.  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 were issued during the period.

              The computations of diluted earnings per common share for the
              three and nine months ended September 30, 2002 and 2001 take 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 assumed
              conversion of all of the Company's outstanding shares of preferred
              stock prior to their actual conversion (see Note 5).

              The following table presents the calculation of the number of
              shares outstanding for the calculation of basic and diluted
              earnings per share in the three and nine months ended September
              30, 2002 and 2001:

<TABLE>
<CAPTION>
                                                              Three months  Three months  Nine months    Nine months
                                                                  Ended        Ended         Ended           Ended
                                                              Sept 30,2002  Sept 30,2001  Sept 30,2002   Sept 30,2001
                                                              ------------  ------------  ------------   ------------
       <S>                                                      <C>           <C>           <C>             <C>
       Weighted average common shares outstanding and basic
       earnings per common share                                5,309,541     5,225,659    5,281,755       5,225,659

       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               426,946       447,732      452,342         433,749
                                                              ------------  ------------  ------------   ------------
       Diluted weighted average common shares
       outstanding and diluted earnings per
       common share                                             5,736,487     5,734,066    5,734,097       5,720,083
                                                              ============  ============  ============   ============
</TABLE>

                                       -8-

<PAGE>

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

Note 4.  Segment information

              The Company follows 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, 2002 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, 2002

Trips and Outings           $   612,703      $   335,008      $ 1,129,773      $                $     8,888
The Outdoor Channel           4,212,573        1,121,901        8,482,485           76,861          215,500
Membership sales
   of recreational
   prospecting and
   mineral rights and
   merchandise sales          1,005,362         (216,257)       1,296,832           97,785
                            ------------     ------------     ------------     ------------     ------------

      Totals                $ 5,830,638      $ 1,240,652      $10,909,090      $   174,646      $   224,388
                            ============     ============     ============     ============     ============
</TABLE>

<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>
Nine months ended September 30, 2002

Trips and Outings           $   691,205      $   369,810      $ 1,129,773      $    50,361      $    81,658
The Outdoor Channel          11,657,037        3,219,484        8,482,485          230,581          650,501
Membership sales
   of recreational
   prospecting and
   mineral rights and
   merchandise sales          2,902,479         (244,115)       1,296,832          242,993           47,495
                            ------------     ------------     ------------     ------------     ------------

      Totals                $15,250,721      $ 3,345,179      $10,909,090      $   523,935      $   779,654
                            ============     ============     ============     ============     ============
</TABLE>

                                      -9-

<PAGE>

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

Note 4.  Segment Information (concluded)

              Information with respect to these reportable business segments for
              the three months and nine months ended September 30, 2001 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, 2001

Trips and Outings           $   806,149      $    48,873      $ 1,175,859      $    55,212      $    39,708
The Outdoor Channel           2,782,449          269,926        4,427,749           51,354           23,888
Membership sales
   of recreational
   prospecting and
   mineral rights and
   merchandise sales            820,344           68,424        3,442,709           40,017           19,675
                            ------------     ------------     ------------     ------------     ------------

      Totals                $ 4,408,942      $   387,223      $ 9,046,317      $   146,583      $    83,271
                            ============     ============     ============     ============     ============
</TABLE>

<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>
Nine months ended September 30, 2001

Trips and Outings           $   895,289      $    70,866      $ 1,175,859      $   161,853      $   142,832
The Outdoor Channel           8,705,257          852,805        4,427,749          146,880          193,093
Membership sales
   of recreational
   prospecting and
   mineral rights and
   merchandise sales          2,671,050         (216,485)       3,442,709           89,923          290,019
                            ------------     ------------     ------------     ------------     ------------

      Totals                $12,271,596      $   707,186      $ 9,046,317      $   398,656      $   625,944
                            ============     ============     ============     ============     ============
</TABLE>

                                      -10-


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

Note 5.   Stockholders' Equity

              Under the terms of the Company's 1995 Stock Option Plan during the
              quarter ended March 31, 2002, the Company granted to employees
              options to purchase 20,000 shares of common stock at a price of
              $8.30 per share, the market value of the Company's common stock at
              the grant date. The options vest over four years and expire in ten
              years.

              During the quarter ended March 31, 2002, the Company called and
              completed the exchange of the remaining outstanding 58,725 shares
              of convertible exchangeable preferred stock into 58,725 shares of
              common stock.

              During the quarter ended June 30, 2002, the Company issued 400
              shares of common stock to a former employee pursuant to the
              exercise of an option. In addition the Company issued 11,000
              shares to former consultants pursuant to the exercise of options.

              During the quarter ended June 30, 2002, the Outdoor Channel issued
              14,992 shares of common stock to board members for board meeting
              attendance between January 2000 and September 2000 and for board
              meeting expenses. In addition during the quarter ended June 30,
              2002, the Outdoor Channel issued 3,500 shares of common stock to a
              former employee pursuant to the exercise of an option.

              Under the terms of the Company's 1995 Stock Option Plan during the
              quarter ended September 30, 2002, the Company granted to employees
              of The Outdoor Channel, Inc. options to purchase 30,000 shares of
              common stock at a price of $10.00 per share which was higher than
              the market value of the Company's common stock at the grant date.
              The options vest over four years and expire in ten years.

              In addition during 2002, the Company entered into agreements with
              former employees for the exercise of stock options. The Company
              loaned the former employees $65,800 for the purchase of 20,450
              shares of common stock. The receivable bears interest at 5% per
              year, has a maturity date of 18 months from the date of the
              agreement and is collateralized by 10,224 shares of the common
              stock pledged to the Company. The note receivable has been
              included in common stock subscriptions receivable as of September
              30, 2002.

                                      -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, 2001.

NEW ACCOUNTING PRONOUNCEMENTS

During 2002, the Company adopted the provisions of Statement of Financial
Accounting Standards No. 142, Goodwill and Other Intangible Assets. Since the
only intangible assets owned by the Company have a definitive life, the adoption
of the new standard did not have any effect on the accompanying condensed
consolidated financial statements.

During 2002, the Company adopted the provisions of Statement of Financial
Accounting Standards No. 144, Accounting for the Impairment or Disposal of
Long-Lived Assets. The adoption of the new standard did not have any effect on
the accompanying condensed consolidated financial statements.

In June 2002, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 146, Accounting for Costs Associated with
Exit or Disposal Activities ("Statement 146"). Management does not believe that
the adoption of Statement 146 will have a material impact on the Company's
financial position or results of operations.

COMPARISON OF THREE MONTHS ENDED SEPTEMBER 30, 2002 AND SEPTEMBER 30, 2001

     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, 2002
were $5,830,638, an increase of $1,421,696, or 32%, compared to revenues of
$4,408,942 for the quarter ended September 30, 2001. This increase was the
result of changes in several items composing revenue. Advertising increased to
$2,845,724 for the quarter ended September 30, 2002 from $1,981,546 for the
quarter ended September 30, 2001, primarily due to an increase in advertising
revenue on The Outdoor Channel. Subscriber fees increased to $1,444,372 for the
quarter ended September 30, 2002 from $855,477 for the quarter ended September
30, 2001, primarily due to increases in cable affiliate subscribers. Membership
services increased to $919,051 for the quarter ended September 30, 2002 from
$737,678 for the quarter ended September 30, 2001 due to the increased
distribution of the Outdoor Channel.

     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, 2002 were
$4,589,368 an increase of $577,031, or 14%, compared to $4,012,067 for the
quarter ended September 30, 2001, due to the net effect of The Outdoor Channel's
personnel expenses advertising expenses, and professional fees increasing.
Selling, general and administrative expenses increased to $2,818,836 for the
quarter ended September 30, 2002, compared to $2,320,531 for the quarter ended
September 30, 2001. Advertising and programming increased to $903,213 for the
quarter ended September 30, 2002, compared to $631,755 for the quarter ended
September 30, 2001, due to The Outdoor Channel's consumer and trade awareness
campaigns. Satellite transmission fees increased to $589,624 for the quarter
ended September 30, 2002 compared to $568,581 for the quarter ended September
30, 2001, due to additional fixed contracts.

     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 21% for the quarter ended September 30, 2002 compared
to 9% for the quarter ended September 30, 2001. This was due primarily to an
increase in advertising and subscriber sales at The Outdoor Channel for the
quarter ended September 30, 2002, compared to the quarter ended September 30,
2001.

COMPARISON OF NINE MONTHS ENDED SEPTEMBER 30, 2002 AND SEPTEMBER 30, 2001

     REVENUES. Revenues for the nine months ended September 30, 2002 were
$15,250,721, an increase of $2,979,125, or 24%, compared to revenues of
$12,271,596 for the nine months ended September 30, 2001. This increase was the
result of changes in several items composing revenue. Advertising increased to
$7,639,705 for the nine months ended September 30, 2002 from $6,316,256 for the
nine months ended September 30, 2001, primarily due to an increase in
advertising revenue on The Outdoor Channel. Subscriber fees increased to
$4,193,024 for the nine months ended September 30, 2002 from $2,551,466 for the
nine months ended September 30, 2001, primarily due to increases in cable
affiliate subscribers. Membership services increased to $2,656,073 for the nine
months ended September 30, 2002 from $2,430,447 for the nine months ended
September 30, 2001, primarily due to increased distribution of the Outdoor
Channel.

                                      -12-


<PAGE>

     EXPENSES. Expenses for the nine months ended September 30, 2002 were
$11,949,084 a increase of $399,945, or 3%, compared to $11,549,139 for the nine
months ended September 30, 2001, due to the net effect of The Outdoor Channel's
personnel expenses along with advertising expenses increasing and bad debts
along with legal expense decreasing. Selling, general and administrative
expenses increased to $7,742,431 for the nine months ended September 30, 2002,
compared to $7,593,175 for the nine months ended September 30, 2001. Advertising
and programming increased to $2,123,201 for the nine months ended September 30,
2002, compared to $1,752,055 for the nine months ended September 30, 2001, due
to The Outdoor Channel's consumer and trade awareness campaigns. Satellite
transmission fees increased to $1,762,057 for the nine months ended September
30, 2002 compared to $1,672,859 for the nine months ended September 30, 2001,
due to additional fixed contracts.

     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 22% for the nine months ended September 30, 2002
compared to 6% for the nine months ended September 30, 2001. This was due
primarily to an increase in advertising and subscriber sales at The Outdoor
Channel for the nine months ended September 30, 2002, compared to the nine
months ended September 30, 2001.

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,
Inc. ("GPAA") and the Trips Division. Lost Dutchman's is a national recreational
gold prospecting campground club with over 6,000 members and properties in
California, Oregon, Nevada, Arizona, Colorado, Georgia, South Carolina and North
Carolina. GPAA is the largest recreational gold prospecting club in the world
with approximately 31,000 active members. 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 2,300 acre camp, located 11 miles west of Nome, Alaska.

     The Company together with its predecessors has been selling its GPAA club
memberships since 1968. 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 almost exclusively on 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 1999. Subsequently, the Company has directed more
resources to other Company divisions.

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

                                      -13-

<PAGE>

     To accomplish the objective of obtaining increased distribution, the
Channel seeks to sign national carriage agreements with multi cable system
operators ("MSOs") and DBS systems and thereafter carriage agreements with the
MSOs' individual cable affiliates. Efforts to obtain distribution for The
Outdoor Channel are broad based and are not limited to areas where there are the
greatest number of outdoor enthusiasts. As of October 2002, The Outdoor Channel
was launched on approximately 4,539 cable and DBS systems with availability to
approximately 54 million households of which The Outdoor Channel has
approximately 17.3 million subscribers. From January 1, 2002 to October 1, 2002,
the Channel grew by approximately 4.1 million cable and DBS subscribers.

     In August 2002, the Company retired the remaining balance of approximately
$29,000 due on its Junction Bar Placer property. The Company now owns all of its
properties free and clear of any mortgages.

     The Outdoor Channel is deemphasizing its exploration of strategic partners
and other strategic alternatives. In August 2002, the Company's engagement with
Bear Stearns & Company, Inc., a Wall Street investment bank expired.

     In September 2002, The Outdoor Channel signed a national affiliation
agreement with DirecTV, the largest Direct Broadcast Satellite ("DBS")
distributor in the United States. The Outdoor Channel was launched on DirecTV on
October 1, 2002, and is available a la carte and on DirecTV's Sports Pack.

     As of October 2002, 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. As of July
24, 2002, The Outdoor Channel has obtained a $1,000,000 line of credit from its
bank for business purposes. As of October 2002, The Outdoor Channel has not
utilized the line of credit. 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 augmented its professional staff.

     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.

ITEM 3.  CONTROLS AND PROCEDURES

     (a) Evaluation of disclosure controls and procedures. We maintain
disclosure controls and procedures designed to provide reasonable assurance that
information required to be disclosed in the reports we file with the SEC is
recorded, processed, summarized and reported within the time periods specified
in the rules of the SEC. Within 90 days prior to the filing of this Quarterly
Report on Form 10-QSB, we carried out an evaluation, under the supervision and
the participation of our management, including our Chief Executive Officer and
Interim Chief Financial Officer, of the design and operations of these
disclosure controls and procedures pursuant to Exchange Act Rule 13a-14. Based
upon that evaluation, our Chief Executive Officer and Interim Chief Financial
Officer concluded that our disclosure controls and procedures are effective in
timely alerting them to material information relating to the Company (including
our consolidated subsidiaries) required to be included in our periodic SEC
filings.

     (b) Changes in internal controls. There were no significant changes in
internal controls or other factors that could significantly affect our internal
controls subsequent to the date of our evaluation.

PART II.  OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits

     Exhibit
     Number

     None.

(b)      Reports on Form 8-K

           None.

                                      -14-


<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 13, 2002                   By:    /S/ PERRY T. MASSIE
                                            ----------------------------
                                            PERRY T. MASSIE,
                                            President and Chief
                                            Executive Officer

Dated:  November 13, 2002                   By:    /S/ MARK C. CORCORAN
                                            ----------------------------
                                            MARK C. CORCORAN,
                                            Controller
                                            (Chief Accounting Officer)

     CERTIFICATION

I, Perry T. Massie, certify that:

1.       I have reviewed this quarterly report on Form 10-QSB of Global
Outdoors, Inc.;

2.       Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this
quarterly report;

3.       Based on my knowledge, the financial statements and other financial
information included in this quarterly report fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.       The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         (a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this quarterly report is being prepared;

         (b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

         (c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5.       The registrant's other certifying officers and I have disclosed, based
on our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

         (a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data, and have identified for the
registrant's auditors any material weaknesses in internal controls; and

         (b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6.       The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date: November 13, 2002  /s/ Perry T. Massie
                         -----------------------------------------------
                         PERRY T. MASSIE, Chief Executive Officer

                                      -15-

<PAGE>


CERTIFICATION

I, Richard K. Dickson II, certify that:

1.       I have reviewed this quarterly report on Form 10-QSB of Global
Outdoors, Inc.;

2.       Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this
quarterly report;

3.       Based on my knowledge, the financial statements and other financial
information included in this quarterly report fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.       The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exhchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         (a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this quarterly report is being prepared;

         (b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

         (c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5.       The registrant's other certifying officers and I have disclosed, based
on our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

         (a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data, and have identified for the
registrant's auditors any material weaknesses in internal controls; and

         (b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6.       The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date: November 13, 2002  /s/ Richard K. Dickson II
                         -------------------------------------------------------
                         RICHARD K. DICKSON II, Interim Chief Financial Officer
                         and Chief Operating Officer

                                      -16-