Liberty Interctive (LVNTA) Reports Q1 Revenues of $2.32B

Liberty Interctive (NASDAQ: LVNTA) reported Q1 EPS of $. Revenue for the quarter came in at $2.32 billion, versus $2.5 billion reported last year.

Attributed to QVC Group

• QVC consolidated revenue down 2% to $2.0 billion
• QVC US revenue down 3%, operating income flat and adjusted OIBDA(2) grew 3%
  • Adjusted OIBDA margin(2) expanded 130 basis points
• QVC International grew constant currency(3) revenue 2%, operating income 20% and adjusted OIBDA 15%
  • Local currency sales gains in all consolidated international markets except UK
• QVC consolidated mobile penetration was 62% of QVC.com orders, a 560 basis point increase
  • QVC US mobile penetration was 61% of QVC.com orders, a 520 basis point increase
• QVC Group to become asset-backed stock following proposed acquisition and reorganization, described below

For earnings history and earnings-related data on Liberty Interctive (LVNTA) click here.

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