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Sep 30, 2023
Qurate Q3 2023 Earnings Report
Qurate Retail's financial performance for Q3 2023 was reported, indicating progress in its Project Athens transformation.
Key Takeaways
Qurate Retail reported a 3% decrease in revenue to $2.5 billion, but experienced a 35% growth in Adjusted OIBDA in constant currency. The company's diluted EPS was $0.00, with an adjusted diluted EPS of $0.10. A $435 million reduction in revolver balance, using operating cash flow and insurance proceeds, was also reported.
Qurate Retail's revenue decreased by 3% to $2.5 billion.
Adjusted OIBDA grew by 35% in constant currency.
Diluted EPS was reported at $0.00, with adjusted diluted EPS at $0.10.
The company reduced its revolver balance by $435 million utilizing operating cash flow and insurance proceeds.
Forward Guidance
Qurate Retail expects a double-digit CAGR on Adjusted OIBDA and free cash flow with stable revenues through 2024 compared to 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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