Liberty Interctive (LVNTA) Reports Q2 Adjusted OIBDA of $488M
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Liberty Interactive Corporation Reports Second Quarter 2017 Financial Results
August 8, 2017 9:01 AM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)-- Liberty Interactive Corporation ("Liberty Interactive") (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) today reported second quarter 2017 results. Highlights include(1):
Attributed to QVC Group
QVC consolidated revenue down 4% to $2.0 billion and down 3% in constant currency QVC US revenue down 4%, inclusive of an estimated 1% negative impact from system outage in second quarter that resulted in shipment backlog into third quarter Operating income down 5% and adjusted OIBDA(2) down 1% Adjusted OIBDA margin(2) expanded 100 basis points QVC International grew constant currency(3) revenue 2%, operating income 21% and adjusted... More