Qurate Retail Q3 revenue -3% to $2.5B; Adj OIBDA +54% to $285M; debt cut $438M

QVC Group, Inc.

2023-Q3 EPS reported $0.33 revenue$7,772,000,000

Revenue $2.5B (ex-Zulily) down 3%; Adjusted OIBDA $285M up 54% (35% constant currency).
Diluted EPS $0.00; adjusted EPS $0.10 vs ($0.08) prior year.
QxH revenue -3%; QVC Intl revenue +4% (+1% constant currency); Cornerstone -13%.
Reduced revolver balance by $435M to $995M; total debt down $438M to $6.15B.
All remaining 1.75% exchangeable debentures retired or exchanged after quarter-end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QVC Group, Inc. reported three months ended September 30, 2023 results: revenue $2,479, net income $1, EPS $0.00.

Period: three months ended September 30, 2023
Revenue: $2,479
Net income: $1
EPS: $0.00
Result: reported results

Exact text from the filing

Total Qurate Retail Revenue (as reported) $ 2,744 $ 2,479 (10) %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QVC Group, Inc. reported third quarter 2023 results: revenue $2.5 billion, net income $1, EPS $0.00.

Period: third quarter 2023
Revenue: $2.5 billion
Net income: $1
EPS: $0.00
Result: reported results

Exact text from the filing

on Adjusted OIBDA and free cash flow with stable revenues through 2024 compared to 2022.” Third quarter 2023 operating results: ● Qurate Retail revenue decreased 3% (2) to $2.5 billion in both US Dollars and constant currency (3) ● Qurate Retail grew Adjusted OIBDA (4) 35% (2) in constant currency ● Qurate Retail reported diluted EPS of $0.00 o Adjusted diluted

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

QVC Group, Inc. filing history →

Source: SEC EDGAR

accession 0001355096-23-000057

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