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Blockbuster Q4 Earnings

Blockbuster  (NYSE: BBI, BBI.B), reported Q4 earnings.

For the quarter, net income was down to $12.9m ($.05/share) from $18m ($.09/share).  Revenues increased 1.4% to $1.51b.  Online subscribers increased by 700k during the period.  Operating income totaled 445.8m, down from $57m in the prior year.

For the full year, 2006 revenues decreased 3.5% $5.52 billion – attributed by the company to the closing of stores.  Operating income for the year was at $79.1m,  versus a loss of $388m in the prior year (which included a $341m non-cash charge).

More detailed press coverage on Blockbuster’s finances can be found at:

Yahoo Finance
Google Finance

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