Revenue Performance - Consolidated Qurate Retail revenue decreased by 11.4% or $302 million for the three months ended March 31, 2024, compared to the same period in the prior year[142]. - Revenue from QxH decreased by $62 million, while QVC International revenue decreased by $20 million, and CBI revenue decreased by $28 million[142]. - The Corporate and other segment's revenue decline of $192 million was attributed to the divestiture of Zulily in the prior year[142]. - QVC's consolidated net revenue decreased by 3.7% to $2,111 million for the three months ended March 31, 2024, compared to $2,193 million in the same period of 2023[176]. - The decrease in net revenue was primarily due to a 2.0% decrease in average selling price per unit (ASP) and a 1.5% decrease in units shipped, partially offset by a $27 million decrease in estimated product returns[176]. - QxH's net revenue declined by 3.8%, driven by a 4.0% decrease in units shipped and a 0.5% decrease in ASP[179]. - QVC International's net revenue in constant currency decreased by 3.4%, primarily due to a 4.7% decrease in ASP, despite a 3.9% increase in units shipped[180]. - CBI's consolidated net revenue decreased by 10.8% to $231 million, primarily due to a 7% decrease in ASP and a 5% decrease in units shipped[189]. Operating Income and Adjusted OIBDA - Operating income for Consolidated Qurate Retail was $145 million for the three months ended March 31, 2024, down from $176 million in the prior year[142]. - Adjusted OIBDA for Consolidated Qurate Retail increased to $259 million for the three months ended March 31, 2024, compared to $179 million in the prior year[142]. - Consolidated operating income decreased by $31 million to $145 million for the three months ended March 31, 2024, primarily due to a $93 million decrease at QVC International[145]. - Adjusted OIBDA increased by 44.7% or $80 million to $259 million for the three months ended March 31, 2024, driven by a $46 million increase at QxH[149]. Expenses and Charges - QVC recorded restructuring charges of $13 million during the three months ended March 31, 2023, as part of its turnaround strategy[131]. - SG&A expenses (excluding stock-based compensation) decreased by $8 million, driven by a $17 million decrease in consulting expenses[183]. - Stock-based compensation increased to $12 million for the three months ended March 31, 2024, up from $9 million in the prior year[186]. Cash Flow and Debt - Cash and cash equivalents totaled $1,102 million as of March 31, 2024, with QVC holding $311 million, CBI $79 million, and Corporate $712 million[163]. - The projected uses of cash for 2024 include capital expenditures between $185 million and $200 million and approximately $217 million for interest payments on outstanding debt[166]. - QVC's consolidated leverage ratio was greater than 3.5 to 1.0 as of March 31, 2024, restricting its ability to make dividends or other restricted payments under senior secured notes[162]. - As of March 31, 2024, Qurate Retail's variable rate debt amounts to $1,295 million with a weighted average interest rate of 6.8%[195]. - Fixed rate debt totals $4,658 million, with QVC's portion at $3,086 million and a weighted average interest rate of 5.2%[195]. - Corporate and other fixed rate debt amounts to $1,572 million with a weighted average interest rate of 6.1%[195]. Foreign Exchange and Interest Rate Exposure - Qurate Retail is exposed to foreign exchange rate fluctuations, with reported Adjusted OIBDA impacted by approximately $1 million for every 1% change in foreign currency exchange rates relative to the U.S. Dollar[195]. - The company manages interest rate exposure by maintaining a mix of fixed and variable rate debt, issuing fixed rate debt with low stated interest rates and significant terms to maturity[195]. - Interest rate swaps are monitored for fair value and effective interest rates, with management evaluating their effectiveness against historical trends[196]. - The company believes that losses from interest rate swaps would be largely offset by the effects of interest rate movements on underlying debt facilities[196]. Other Financial Highlights - QVC received cumulative insurance proceeds of $660 million related to the Rocky Mount fulfillment center fire, with net gains of $208 million recognized[137]. - QVC International sold properties in Germany and the U.K. for net cash proceeds of $102 million and $80 million, respectively, recognizing gains of $69 million and $44 million[139]. - Qurate Retail recognized a loss of $64 million on the divestiture of Zulily in the second quarter of 2023[123]. - Net earnings decreased to $8 million for the three months ended March 31, 2024, down from $33 million in the same period of the previous year[157]. - The total unrecognized compensation cost related to unvested equity awards was approximately $90 million as of March 31, 2024[144]. - QVC recorded a $1 million gain on sale for the three months ended March 31, 2024, compared to $113 million in gains for the same period in 2023[185].

Exhibit 99.1 QURATE RETAIL, INC. REPORTS FOURTH QUARTER AND YEAR END 2023 FINANCIAL RESULTS Englewood, Colorado, February 28, 2024 – Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today reported fourth quarter and year end 2023 results (1) . "2023 was a transformational year for Qurate Retail. We executed better on multiple fronts including merchandising, pricing strategy and inventory management, and these efforts yielded significant, positive results in the operational health and fina ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ 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 Commission File Number 001-33982 QURATE RETAIL, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdicti ...

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 ...

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 Commission File Number 001-33982 QURATE RETAIL, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdiction of incorporation or organization) 12300 Liberty Boulevard Englewood, Colorado (Address of principal executive offices) For the quarterly period ended June 30, 2023 OR ...

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. 80112 (Zip Code) Registrant's telephone number, including area code: (720) 875-5300 Securities ...

SECURITIES AND EXCHANGE COMMISSION Table of Contents UNITED STATES WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 jurisdicti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 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 WASHINGTON, D. C. 20549 FORM 10-Q (State or other jurisd ...

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, 2022 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 ...

OR WASHINGTON, D. C. 20549 Table of Contents FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 State of Delaware (State or other jurisdiction of ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to incorporation or organization) Commission File Number 001-33982 84-1288730 (I.R.S. Employer Identifica ...