Revenue Performance - Qurate Retail's revenue decreased by 4% in Q4 2023 and 5% for the full year, totaling $3,143 million in Q4 and $10,915 million for the year[3][10] - QxH revenue declined by 4% in Q4 and 5% for the full year, with a 5% decrease in units shipped in Q4[16] - QVC International revenue increased by 2% in Q4 but decreased by 3% for the full year, with constant currency revenue flat in Q4[3][21] - Cornerstone revenue decreased by 12% in Q4 and 11% for the full year, reflecting competitive pressure in the home sector[3][23] - Total revenue for 2023 decreased to $10,915 million, down 9.8% from $12,106 million in 2022[66] Earnings and Profitability - The company reported a diluted EPS of $(0.70) in Q4 and $(0.37) for the full year, with an adjusted diluted EPS of $0.22 in Q4 and $0.24 for the year[3][14] - Adjusted OIBDA increased by 46% in Q4 2023, reaching $340 million, while it decreased by 3% for the full year[3][10] - Operating income improved to $590 million in 2023, compared to a loss of $2,041 million in 2022[66] - The company's operating income for Q4 2023 was a loss of $103 million, compared to a profit of $151 million in Q3 2023[54] - Adjusted net income for Q4 2023 was $40 million, a significant recovery from a loss of $18 million in Q4 2022[58] - The diluted earnings per share for Q4 2023 was $0.10, compared to a loss of $0.13 in Q4 2022[58] Debt and Financial Position - The company reduced its principal amount of debt by $956 million in 2023[3] - Total debt for Qurate Retail, Inc. decreased by $215 million in the fourth quarter of 2023, reaching $5,939 million[37] - QVC's leverage ratio improved to 2.4x at the end of 2023, down from 2.6x in the previous quarter[39] - Total liabilities reduced to $10,879 million in 2023, a decrease of 9.4% from $12,046 million in 2022[64] Cash Flow and Assets - Cash and cash equivalents increased by $22 million in the fourth quarter of 2023, totaling $1,121 million[38] - Cash and cash equivalents at the end of the period were $1,136 million, down from $1,285 million at the beginning of the period[68] - Net cash provided by operating activities increased to $919 million in 2023, compared to $194 million in 2022[68] - Total current assets decreased to $3,682 million in 2023, down 13.9% from $4,275 million in 2022[64] Operational Metrics - Operating income margin for QxH improved to 3.9% in 2023 from (24.7)% in 2022, reflecting a significant recovery[30] - Adjusted OIBDA margin for QxH increased to 10.7% in 2023, up 50 basis points from 10.2% in 2022[30] - eCommerce revenue for QxH decreased by 3% to $4,321 million in 2023, while eCommerce as a percentage of total revenue rose to 61.8%[30] - Average selling price for QxH increased by 3% to $53.33 in 2023[30] - Cornerstone's eCommerce revenue declined by 9% to $902 million in 2023, while its eCommerce percentage of total revenue rose to 77.4%[30] Impairment and Divestitures - QxH incurred a $326 million non-cash impairment charge related to goodwill in the fourth quarter of 2023[27] - The company experienced a non-cash impairment charge of $326 million related to goodwill in Q4 2023[54] - The company reported a loss on disposition of Zulily amounting to $64 million in 2023[66] - Qurate Retail divested Zulily on May 24, 2023, impacting revenue figures[7][12] - The company divested Zulily on May 24, 2023, impacting its financial metrics for the year[54] Future Outlook - The company expects to continue its momentum into 2024, aiming for improved results[2] - The company plans to focus on restructuring and cost management strategies to improve future performance[54] - The company plans to focus on restructuring and improving operational efficiency in the upcoming year[66]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K Commission File Number 001-33982 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to QURATE RETAIL, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdicti ...

Qurate Retail, Inc. (NASDAQ:QRTEA) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET Company Participants Shane Kleinstein - Vice President of Investor Relations David Rawlinson - President & Chief Executive Officer Bill Wafford - Chief Financial Officer Greg Maffei - Executive Chairman Ben Oren - Executive Vice President & Treasurer Conference Call Participants Jason Haas - Bank of America Carla Casella - JPMorgan Hale Holden - Barclays Operator Welcome to the Qurate Retail, Inc. 2023 Q3 Earning ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33982 QURATE RETAIL, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other j ...

Qurate Retail, Inc. (NASDAQ:QRTEA) Q2 2023 Earnings Conference Call August 4, 2023 8:30 AM ET Company Participants Shane Kleinstein - Vice President, Investor Relations David Rawlinson - President and Chief Executive Officer Bill Wafford - Chief Financial Officer Greg Maffei - Executive Chairman Ben Oren - Executive Vice President and Treasurer Conference Call Participants Hale Holden - Barclays Jason Haas - Bank of America Carla Casella - JPMorgan William Reuter - Bank of America Operator Welcome to the Qu ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|--------| | | | | | | | | | | | | | qurate | Q U R A T E R E T A I L , I N C . 2 and about the risks and uncertainties related to their respective businesses Revenue & Adjusted OIBDA Q2 2023 $1.6B eCommerce Revenue I 61% of Revenue (11)% vs 2022 Q U R A T E R E T A I L , I N C . 3 Prior Year Quarterly Comparative Zulily (38)% (45)% (39)% (28)% (38)% (17)% NM As Reported Total Qurate Retail A (12)% (13)% (9)% (10)% (11)% (6)% (10) ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33982 QURATE RETAIL, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisd ...

Qurate Retail, Inc. (NASDAQ:QRTEA) Q1 2023 Earnings Conference Call May 5, 2023 8:00 AM ET Company Participants Shane Kleinstein - Vice President, Investor Relations David Rawlinson II - President and Chief Executive Officer Bill Wafford - Chief Financial Officer Gregory B. Maffei - Executive Chairman Ben Oren - Executive Vice President and Treasurer Conference Call Participants Carla Casella - JPMorgan Jason Haas - Bank of America William Reuter - Bank of America Hale Holden - Barclays Karru Martinson - Je ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33982 QURATE RETAIL, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other juris ...

Qurate Retail, Inc. (NASDAQ:QRTEA) Q4 2022 Earnings Conference Call March 1, 2023 8:30 AM ET Company Participants Shane Kleinstein - VP, IR David Rawlinson - President & CEO Jim Hathaway - Interim CFO Greg Maffei - Executive Chairman Ben Oren - EVP & Treasurer Conference Call Participants Jason Haas - Bank of America Carla Casella - JPMorgan Robert Routh - FBN Securities Hale Holden - Barclays Jason Bazinet - Citi William Reuter - Bank of America Operator Welcome to the Qurate Retail, Inc. 2022 Year-End Ear ...