SECURITIES AND EXCHANGE COMMISSION
                  WASHINGTON, DC 20549

                      FORM 10-QSB

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

        For the quarterly period ended MARCH 31, 2001

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

For the transition period from            to


            Commission file number 33-83418-LA


                  CYBERIA HOLDINGS, INC.
   (Exact name of Small Business Issuer as Specified in
                     its Charter)


Delaware                                          93-1138967
(State or Other Jurisdiction                (I.R.S. Employer
of Incorporation or                           Identification
Organization)  Number)

                      1531 14th Street
              Santa Monica, California 90404
         (Address of Principal Executive Offices)

                      (310) 260-3163
      (Issuer's Telephone Number, Including Area Code)

Check whether the Issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the
past 12 months (or for such shorter period that the Registrant
was required to file such reports), and (2) has been subject to
such filing requirements for 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:

     Common, $.0001 par value per share: 30,000,000
     outstanding as of May 1, 2001








PART I - FINANCIAL INFORMATION

CYBERIA HOLDINGS, INC. AND SUBSIDIARY


Index to Financial Information
Period Ended March 31, 2001



Item                               Page Herein

Item 1 -  Financial Statements:

Consolidated Balance Sheet                   3

Consolidated Statements of Operations        4

Consolidated Statements of Cash Flows        5

Notes to Condensed Consolidated
Financial Statements                         6


Item 2 -  Management's Discussion and
          Analysis or Plan of Operation      7




CYBERIA HOLDINGS, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEET

March 31, 2001

ASSETS

Current Assets

     Cash                          291,231
     Accounts receivable,
      net of allowance for
      doubtful accounts
      of 73,700                    232,159
     Prepaid expenses               15,232
     Deferred tax asset             47,800
     Due from affiliates               780
        Total current assets       587,202

Non-current assets

     Property, plant and
      equipment(net)               180,261
     Deferred tax asset             34,500
     Other assets                   47,134
          Total non-current assets 261,895


Total assets                       849,097


LIABILITIES & STOCKHOLDERS' EQUITY

Current liabilities

     Accounts payable and
     accrued expenses              239,721
     Deferred income               445,437
     Due to affiliate              273,914
     Accrued payroll and
     payroll taxes                  40,258
     Income tax payable             15,751
     Capital Lease Payable
     - Current                      61,333

  Total current liabilities      1,076,415

Long term liabilities

     Capital Lease - Long Term      48,881

Total long term liabilities         48,881


Stockholders' deficit
     Common stock                    3,000
     Additional paid in capital      9,269
     Capital                             -
     Accumulated deficit          (142,417)
     Net loss                     (146,050)
Total stockholders'
           deficit                (276,198)

Total liabilities
& stockholders' deficit            849,097



CYBERIA HOLDINGS, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS






                               FOR THE PERIODS
                           1/1/01         1/1/00
                           THROUGH        THROUGH
                           3/31/01        3/31/00


Sales                   $   610,430     $ 1,101,443

Cost of sales               257,996          85,137
General and
administrative expenses     494,250         617,411

     Total expenses         752,246         702,548

Net(loss)income
from operations            (141,816)        398,894

Other income (expense)
    Interest income          18,955           1,564
    Other Income                  -               -
    Gain/Loss on
    Sale of Securities            -               -
    Equity in Earnings
     of Med Rev                   -               -
   Interest expense         (28,473)         (5,460)
     Total other
     income (expense)        (9,518)         (3,896)

(Loss) Income from
continuing operations
before taxes               (151,334)        394,998

(Benefit from) provision
 for income taxes            (5,284)        130,981

Net(loss) income before
minority interest     $    (146,050)     $  264,017

Minority Interest                 -          41,554

Net(loss)income            (146,050)        222,463

Basic and diluted (loss)
 earnings per share           (.005)           .007

Weighted average common
 Shares outstanding      30,000,000      30,000,000



CYBERIA HOLDINGS, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS

                             FOR THE PERIODS
                            1/1/01         1/1/00
                            THROUGH        THROUGH
                            3/31/01        3/31/00
Operating Activities:
Net income               $  (146,050)     $  222,463
Adjustments to reconcile
net income to net cash
provided by
operating activities
   Depreciation and
   amortization              32,058           24,080
   Minority interest              -           34,725
(Increase) decrease in:
   Accounts receivable      (84,498)         (24,312)
   Prepaid and
    other current assets    (10,187)           9,346
   Due from officer          28,187               -
   Other assets                 248           (1,596)
 Increase (decrease) in:
   Accounts payable and
    accrued expenses         28,196           (1,154)
   Book overdraft                 -          (24,863)
   Due to affiliates         17,833         (152,744)
   Accrued payroll          (18,290)          37,136
   Income tax payable             -          130,181
   Deferred income          356,657           (1,500)

Net cash provided
by (for)operating activities
- continuing                204,154          251,762

Net cash provided
by (for) operating activities
- discontinued                    -             (811)

Investing Activities:

     Purchase of assets      (1,519)              -
     Advances to Employees        -           (3,538)
     Due from Officer             -           (2,225)
     Long Term
      Lease Obligations           -            2,388
     Current Lease
      Obligations                 -          (11,749)
     Purchase of
      computer equipment          -           (4,997)

Net cash provided
by (for) investing activities (1,519)        (20,121)

Financing Activities:
     Capital lease
      payments               (17,000)             -
     Notes and loan
      Payable               (100,000)             -

Net cash provided
by (for) financing activities
- continued                 (117,000)             -

Net increase in cash          85,635          230,830

Cash, beginning of period    205,596           27,437

Cash, end of period     $    291,231       $  258,267




CYBERIA HOLDINGS, INC. AND SUBSIDIARY
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2001
(UNAUDITED)

1.   Presentation of Interim Information

The accompanying unaudited consolidated financial statements
have been prepared in conformity with generally accepted
accounting principles for interim financial information and
with Regulation S-B. Accordingly, they do not include all the
information and footnotes required by generally accepted
accounting principles for complete financial statements.  In
the opinion of management, all normal, recurring adjustments
considered necessary for a fair presentation have been
included.  These consolidated financial statements should be
read in conjunction with the consolidated financial statements
and notes thereto included in the Company's Annual Report on
Form 10-KSB for the year ended December 31, 2000.  The results
of operations for the three months ended March 31, 2001 are not
necessarily indicative of the results that may be expected for
the year ended December 31, 2001.

2.        Financial Statements

The consolidated financial statements include the accounts of
the Company and its subsidiary, Media Revolution.  All
significant intercompany balances, transactions and
stockholdings have been eliminated.

3.        Furniture and Equipment

Furniture and equipment at March 31, 2001 (unaudited) consisted
of the following:


          Furniture and fixtures         $     16,702
          Computer equipment                  428,802
          Office equipment                     20,584

                                              466,088

           Less accumulated depreciation
           and amortization                   285,827

     Total                                   $180,261

Depreciation expense was $32,058 and $24,080 for the quarters
ended March 31, 2001 and 2000, respectively.





Item 2. Management's Discussion and Analysis or Plan of
Operation.

The following discussion should be read in conjunction with the
Financial Information and Notes thereto included in this report
and is qualified in its entirety by the foregoing.

Background

The Company was organized under the laws of the State of
Delaware on February 24, 1994 under the name NW Venture Corp.
In October 1995, the Company completed an initial public
offering of certain shares of its Common Stock pursuant to a
Registration Statement declared effective by the Securities and
Exchange Commission on June 30, 1995 as a "blank check"
offering subject to Rule 419 of Regulation C under the
Securities Act of 1933.

In May 1996, the Company executed an agreement with Cyberia,
Inc., a California corporation ("Cyberia"), and its
shareholders to acquire all of the issued and outstanding
shares of capital stock of Cyberia in exchange for 25,500,000
shares of Common Stock of the Company (the "Cyberia
Acquisition").  At the time thereof and through December 31,
1998, Cyberia was primarily involved in the business of
creating original music for television and radio commercials.
As of December 26, 1996, and following successful completion of
a reconfirmation offering required pursuant to Rule 419, the
Company consummated the Cyberia Acquisition whereby Cyberia
became a wholly-owned subsidiary of the Company.

During 1996, Cyberia entered into an agreement to form Media
Revolution, LLC ("Media Revolution"), which was organized to
design Internet web sites, computer games and software.  The
Company owns 80% of this entity and has control of the
day-to-day operations.  A non-related party owns the remaining
20%.

On January 13, 1997, the Company changed its corporate name to
Cyberia Holdings, Inc.  to reflect the change of direction and
new business of the Company which resulted from the aforesaid
transaction with Cyberia.

On October 6, 1998 a meeting of the Board of Directors and
Officers was held in which it was decided to cease the
operations of Cyberia as of December 31, 1998 to allow the
Company to focus its resources on the growth and development of
Media Revolution.  All existing assets and liabilities at
the close of operations on December 31, 1998 were transferred
to Cyberia Holdings, Inc. as per the Certificate of Dissolution
filed in the Office of the Secretary of State of California.

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2001
vs. MARCH 31, 2000

Net sales for the three month period ended March 31, 2001 were
$610,430 as compared to $1,101,443 for the three month period
ended March 31, 2000, a decrease of $491,013 or 45%.  The
decrease is attributable to an increase of deferred income of
$356,657, the majority of which is expected to be recognized in
the second quarter of 2001.  The net sales reported are
consistent with the annualized net sales for year 2000.  The
composition of the client base includes entertainment-based
clients and clients in new target sectors, primarily start up
companies and "dot.com" companies.

Cost of sales was $257,996 for the three month period ended
March 31, 2001 as compared to $85,137 for the three month
period ended March 31, 2000, an increase of $172,859 or 203%.
This increase is due to in part to an increase in salaries and
benefits needed in order to avoid employee turnover as the
industry's salaries and benefits are continually becoming more
competitive.  Additionally, the Company implemented a new
system for tracking project labor that has allowed the Company
to more accurately record the labor cost dedicated to each
project.  The result of the new system allocates more labor to
cost of sales and less to general and administrative expenses.

General and administrative expenses were $494,250 for the three
month period ended March 31, 2001 compared to $617,411 for the
three month period ended March 31, 2000, a decrease of $123,128
or 20%.  The decrease in expenses is due to the new system
utilized for tracking project labor, which has allowed the
Company to more accurately record the labor cost dedicated to
each project.  The result of the new system allocates more
labor to cost of sales and less to general and administrative
expenses.  Expenses incurred include increases in rent
following the move of Media Revolution into a new location,
increased employee benefits needed in order to remain
competitive with other employers in the industry and the hiring
of a Controller and Senior Account Planner by Media Revolution.

Liquidity and Capital Resources

At March 31, 2001, the Company had a working capital deficiency
of $489,213.  The ratio of current assets to current
liabilities was approximately .55 to 1 at March 31, 2001.  At
March 31, 2001, the Company had a stockholders' deficiency of
$276,199.  To date, the Company has funded its activities
principally from cash flows generated from operations. However,
the Company anticipates cash flows from operating activities to
be negative over the foreseeable future.  The Company's
financing plan involves near term financing.  The Company had
an outstanding line of credit amount of $60,000 at March 31,
2001.

Forward-Looking Statements

This report contains certain forward-looking statements and
information relating to the Company that are based on the
beliefs and assumptions made by the Company's management as
well as information currently available to the management.
When used in this document, the words "anticipate", "believe",
"estimate", and "expect" and similar expressions, are intended
to identify forward-looking statements.  Such statements
reflect the current views of the Company with respect to future
events and are subject to certain risks, uncertainties and
assumptions.  Should one or more of these risks or
uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated or
expected.  The Company does not intend to update these
forward-looking statements.


PART II - OTHER INFORMATION

Item 1.        Legal Proceedings.

               None.

Item 2.        Changes in Securities.

               None.

Item 3.        Defaults Upon Senior Securities.

               None.

Item 4.        Submission of Matters to a Vote of
               Security-Holders.

               None.

Item 5.        Other Information.

               None.

Item 6.        Exhibits and Reports on Form 8-K.

               (a)  Exhibits.

               There are no exhibits applicable to this Form
               10-QSB.

               (b)  Reports on Form 8-K.

               Listed below are reports on Form 8-K filed
               during the fiscal quarter ended March 31, 2001.

               None.




SIGNATURES

In accordance with the requirements of the Exchange Act, the
Registrant caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.


                         CYBERIA HOLDINGS, INC.
                         (Registrant)


Dated: May 21, 2001      /s/Jay Rifkin
                         By:Jay Rifkin, President



Dated: May 21, 2001      /s/Jay Rifkin
                         By:Jay Rifkin, Principal Financial
                         Officer