<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from GoodNoise
Corporation's Annual Report on Forms 10-KSB/A for the year ended June 30, 1998,
and quarterly report on Forms 10-QSB for the quarter ended September 30, and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   12-MOS                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1998             JUN-30-1999
<PERIOD-START>                             JAN-08-1998             JUL-01-1998
<PERIOD-END>                               JUN-30-1998             SEP-30-1998
<CASH>                                         509,751                  72,505
<SECURITIES>                                         0                       0
<RECEIVABLES>                                        0                  12,438
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                               531,113                 148,030
<PP&E>                                          37,384                  58,912
<DEPRECIATION>                                 (3,157)                 (8,446)
<TOTAL-ASSETS>                                 581,860                 220,016
<CURRENT-LIABILITIES>                          135,200                 226,090
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                       147,153                 150,153
<OTHER-SE>                                     299,507               (156,227)
<TOTAL-LIABILITY-AND-EQUITY>                   581,860                 220,016
<SALES>                                              0                       0
<TOTAL-REVENUES>                                     0                  12,452
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                     277
<OTHER-EXPENSES>                             1,180,104                 863,968
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                   0                       0
<INCOME-PRETAX>                            (1,180,104)               (849,483)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                        (1,180,104)               (849,483)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                               (1,180,104)               (849,483)
<EPS-PRIMARY>                                   (0.12)                  (0.06)
<EPS-DILUTED>                                   (0.12)                  (0.06)
        

</TABLE>