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Qurate Retail is transitioning from cable TV to e-commerce, with e-commerce now constituting the majority of sales, improving margins and cash flow. Despite sales declines, operational turnaround efforts under Project Athens have stabilized revenue, grown OIBDA, and are expected to generate $400 million in free cash flow for 2024. The company faces significant debt challenges but is making progress with creative refinancing and debt reduction strategies, enhancing financial flexibility.
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Qurate Retail, Inc. Announces Third Quarter Earnings Release and Conference Call.
Viewers will be able to livestream the 2024 USA Pickleball National Championships exclusively on QVC+ and shop curated products on QVC.com WEST CHESTER, Pa. , Oct. 3, 2024 /PRNewswire/ -- QVC® , a world leader in live shoppable entertainment, and USA Pickleball, the National Governing Body of the sport of pickleball, today announced they are rallying together on a multi-year partnership.
QVC is becoming the exclusive broadcaster of USA Pickleball as the home shopping network owner looks to experiment with sports and bulk up its streaming platform. QVC will also be the exclusive retail industry partner of USA Pickleball as part of the multiyear partnership.
Qurate Retail, Inc. offers a high-risk, high-reward opportunity, trading at a forward P/E ratio of 0.5x, with signs of revenue stabilization and positive cash flows. Despite past GAAP losses due to non-cash impairments, Qurate's core business remains profitable, generating positive adjusted net income and free cash flow. The company's debt is manageable, with leverage ratios stabilizing, and interest expenses covered by adjusted EBITDA and operating cash flow.
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Qurate Retail, Inc. Declares Quarterly Cash Dividend on 8.0% Series A Cumulative Redeemable Preferred Stock.
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Qurate Retail, Inc. (“Qurate Retail”) (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment and Regular Additional Distribution to the holders as of August 1, 2024 of the 3.75% Senior Exchangeable Debentures due 2030 (the “Debentures”) issued by its wholly-owned subsidiary, Liberty Interactive LLC (“LI LLC”). The semi-annual interest payment amount is $18.75 per $1,000 original principal amount of Debentures, and the amoun.
Qurate Retail, Inc. (NASDAQ:QRTEA ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Claire Adams - Senior Manager, Investor Relations David Rawlinson - President and Chief Executive Officer Bill Wafford - Chief Administrative Officer and CFO Greg Maffei - Executive Chairman Ben Oren - Executive Vice President and Treasurer Conference Call Participants Karru Martinson - Jefferies Company Carla Casella - JPMorgan Hale Holden - Barclays Operator Ladies and gentlemen, welcome to the Qurate Retail Inc. 2024 Q2 Earnings Call. During the presentation, all participants will be in a listen-only mode.
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Qurate Retail, Inc. Reports Second Quarter 2024 Financial Results.
Winnie Harlow to premiere the suncare line that puts skin first live on QVC WEST CHESTER, Pa. , July 12, 2024 /PRNewswire/ -- QVC® , world leader in live shoppable entertainment announced today it has launched Cay Skin.