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 ...

Revenue Performance - Consolidated Qurate Retail revenue decreased by 15.7% or $551 million for the three months ended June 30, 2022, and by 14.7% or $1,005 million for the six months ended June 30, 2022, compared to the prior year [139]. - Revenue from QxH decreased by $235 million, Zulily by $177 million, and QVC International by $153 million for the three months ended June 30, 2022 [139]. - Qurate Retail reported a net revenue decrease of 14.0% and 13.6% for the three and six months ended June 30, 2022, respectively, compared to the same periods in 2021 [174]. - Zulily's consolidated net revenue decreased 44.6% and 41.6% for the three and six months ended June 30, 2022, respectively, attributed to a 50.6% and 48.2% decline in total units shipped [192]. - QVC's international operations saw a decline in net revenue due to a 6.5% decrease in units shipped across all markets except Japan for the three months ended June 30, 2022 [179]. Operating Income - Operating income for QxH was $361 million for the three months ended June 30, 2022, compared to $295 million in the same period of the prior year [139]. - Consolidated operating income decreased by $15 million (3.5%) for the three months ended June 30, 2022, and by $282 million (35.0%) for the six months ended June 30, 2022, compared to the prior year [144]. - Operating income at QVC International decreased by $46 million (approximately 10.6%) for the three months ended June 30, 2022, compared to the prior year [144]. - Operating income at Zulily decreased by $36 million (approximately 20.5%) for the three months ended June 30, 2022, compared to the prior year [144]. - The Corporate and other segment saw an increase in operating income of $1 million (approximately 1.0%) for the three months ended June 30, 2022, compared to the prior year [144]. Adjusted OIBDA - Adjusted OIBDA for Consolidated Qurate Retail was $347 million for the three months ended June 30, 2022, down from $581 million in the same period of the prior year [139]. - Adjusted OIBDA decreased by $234 million (40.3%) for the three months ended June 30, 2022, and by $416 million (37.9%) for the six months ended June 30, 2022, compared to the corresponding periods in the prior year [149]. - QVC's reported Adjusted OIBDA for the six months ended June 30, 2022 would have been impacted by approximately $2 million for every 1% change in foreign currency exchange rates relative to the U.S. Dollar [200]. Costs and Expenses - The cost of goods sold as a percentage of net revenue increased to 66.6% for the three months ended June 30, 2022, compared to 63.1% for the same period in 2021 [181]. - QVC's SG&A expenses (excluding stock-based compensation) increased to 12.2% of net revenue for the three and six months ended June 30, 2022, compared to 10.6% and 10.3% in the same periods of 2021 [185]. - Zulily's cost of goods sold as a percentage of net revenue was 77.3% for the three months ended June 30, 2022, an increase from 75.8% in the prior year [193]. - Zulily's SG&A expenses (excluding stock-based compensation) increased from 19.4% to 27.7% of net revenue for the three months ended June 30, 2022, primarily due to sales deleverage [195]. Fire-Related Costs - QVC experienced a fire at its Rocky Mount fulfillment center, which processed approximately 25% to 30% of QVC U.S. volume, resulting in $250 million of fire-related costs for the year ended December 31, 2021 [133]. - QVC recorded $16 million and $98 million of fire-related costs for the three and six months ended June 30, 2022, primarily due to inventory losses from the Rocky Mount fulfillment center fire [186]. - QVC's inventory write-downs related to the Rocky Mount incident amounted to $95 million during the six months ended June 30, 2022 [134]. Liquidity and Capital Expenditures - As of June 30, 2022, Qurate Retail's total liquidity position included $561 million in cash and cash equivalents [162]. - QVC's Senior Secured Credit Facility had a borrowing capacity of $2,314 million as of June 30, 2022 [162]. - The company expects to spend between $170 million and $197 million on capital improvements for the remainder of 2022 [165]. - Cash provided by investing activities was $237 million for the six months ended June 30, 2022, primarily from the sale of fixed assets [164]. - The company anticipates that cash on hand and future operating cash flows will be sufficient to fund projected uses of cash [167]. Other Financial Metrics - Net earnings were $221 million for the three months ended June 30, 2022, down from $250 million in 2021, and $234 million for the six months ended June 30, 2022, down from $474 million in 2021 [158]. - Stock-based compensation decreased by $3 million (15.8%) for the three months ended June 30, 2022, and by $4 million (11.4%) for the six months ended June 30, 2022, compared to the same periods in 2021 [141]. - The total unrecognized compensation related to unvested Qurate Retail equity awards was approximately $129 million as of June 30, 2022 [143]. - Stock-based compensation expense for QVC was $10 million and $18 million for the three and six months ended June 30, 2022, compared to $11 million and $20 million in the prior year [188]. - As of June 30, 2022, QVC's variable rate debt was $562 million at a weighted average interest rate of 3.0% [200]. Internal Controls and Legal Proceedings - The Company conducted an evaluation of its disclosure controls and procedures, concluding they were effective as of June 30, 2022 [202]. - There were no changes in the Company's internal control over financial reporting during the three months ended June 30, 2022, that materially affected its internal control [203]. - The Company reported no legal proceedings pending as of the date of the report [205].

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 ...

Distribution and Operations - QVC's distribution centers shipped an average of 456,000 units per day at QxH and 190,000 units per day at QVC International during 2021[48]. - QVC has made significant investments in its distribution centers to accommodate foreseeable growth needs[50]. - QVC utilizes computerized interactive voice response systems for telephonic orders, handling approximately 25% of all orders worldwide[48]. Seasonal Revenue - QVC's business is seasonal, with 30% to 32% of global revenue generated in the fourth quarter, compared to 21% to 24% in the first three quarters[60]. Competitive Landscape - QVC competes with major retailers like Amazon and Walmart, emphasizing high-quality products and exceptional customer service as key competitive factors[53]. - QVC faces competition from major retailers like Amazon and Walmart, which have a significantly greater web presence, impacting its market share[97]. Marketing and Customer Engagement - Zulily launched a variety of flash sales events that typically last for 72 hours, creating urgency for purchases[62]. - Cornerstone brands mailed approximately 163 million catalogs in 2021, varying by brand and marketing campaigns[74]. - Zulily's average item is offered at a significant discount off the manufacturer's suggested retail price, enhancing customer value[63]. - Zulily's technology investments focus on improving customer experience and optimizing business operations through data analytics[65]. Regulatory Compliance - The FCC has proposed to revise the definition of MVPD to include Internet-based services, which could require QVC to negotiate programming licenses with such MVPDs[81]. - QVC is subject to program carriage rules due to its attributable interests under FCC regulations, which prohibit coercing exclusive rights and favoring affiliated programmers[82]. - The 1992 Cable Act mandates that cable systems must carry local full-power commercial television broadcast signals, which may limit QVC's programming options[86]. - QVC may incur additional costs for closed captioning due to FCC regulations requiring substantial captioning for video programming[87]. - The company’s online commerce businesses must comply with various domestic and foreign laws, including the Children's Online Privacy Protection Act and the CAN-SPAM Act, which impose operational requirements and penalties for non-compliance[88][89]. - The enactment of the California Consumer Privacy Act and similar laws in other states may lead to substantial compliance costs for the company[92]. Employee Engagement and Well-being - As of December 31, 2021, the company had approximately 26,659 full and part-time employees, with employment levels fluctuating due to seasonal factors[100]. - The company is committed to Diversity, Equity, & Inclusion (DEI), focusing on representation, leadership accountability, and community impact[101]. - Annual employee engagement surveys are conducted to improve employee experience and retention, informing company programs and practices[102]. - The company has implemented health and safety measures due to COVID-19, including remote work for non-essential employees and enhanced on-site safety protocols[103]. - The company offers flexible hours and additional paid time off options to support employees during COVID-19 related absences[103]. - Employee Resource Groups have been launched to promote connections, career development, and community impact[101]. - The company provides access to mental health resources and has implemented special bonuses for employees during the pandemic[103]. Financial Overview - As of December 31, 2021, the company has $356 million in variable rate debt at a weighted average interest rate of 1.5% and $4.575 billion in fixed rate debt at a weighted average interest rate of 5.0%[339]. - Qurate Retail is exposed to foreign exchange rate fluctuations, with an estimated impact of approximately $6 million on Adjusted OIBDA for every 1% change in foreign currency exchange rates relative to the U.S. Dollar[339]. - The company has established policies and procedures to manage market risks associated with stock prices, interest rates, and foreign currency exchange rates[337]. - The company maintains a mix of fixed and variable rate debt to mitigate interest rate risk[339].