Blockbuster quarterly loss widens

DALLAS Blockbuster announced that total revenues for the third quarter of 2009 were $910.5 million as compared with total revenue of $1.16 billion for the same period one year ago. According to the company the 21% revenue decrease is primarily attributable to a 14% decline in same-store comparables due to the company's temporary shift in focus to manage the business for liquidity and the macroeconomic environments.

The company reported a net loss of was $116.8 million, or 60 cents per diluted share. This compares with a net loss  of $20.6 million, or 11 cents per diluted share, in the third quarter of 2008.

Third quarter 2009 domestic same-store sales decreased 18.3%, reflecting rental and retail comparable decreases of 14.5% and 35.6%, respectively.