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Sep 30, 2024
Qurate Q3 2024 Earnings Report
Qurate Retail's revenue decreased due to challenging macro-economic climate, but operating income increased and debt was reduced.
Key Takeaways
Qurate Retail reported a 5% decrease in revenue for the third quarter of 2024, impacted by headline events and a challenging macro-economic climate. Despite revenue underperformance, the company maintained consolidated gross margin and reduced operating expenses. They also completed a debt tender offer, improving the QVC credit profile.
Qurate Retail revenue decreased 5% in both US Dollars and constant currency.
Generated $152 million in operating income.
Adjusted OIBDA decreased 12% in both US Dollars and constant currency to $250 million.
Tendered 89% of QVC, Inc.’s 2027 and 2028 notes, improving QVC credit position.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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