NASDAQ$QVCAQ
QVC Group Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Qurate Retail's financial performance for Q3 2023 was reported, indicating progress in its Project Athens transformation.
Qurate Retail reported a 3% decrease in revenue to $2.5 billion, but experienced a 35% growth in Adjusted OIBDA in constant currency. The company's diluted EPS was $0.00, with an adjusted diluted EPS of $0.10. A $435 million reduction in revolver balance, using operating cash flow and insurance proceeds, was also reported.
- Qurate Retail's revenue decreased by 3% to $2.5 billion.
- Adjusted OIBDA grew by 35% in constant currency.
- Diluted EPS was reported at $0.00, with adjusted diluted EPS at $0.10.
- The company reduced its revolver balance by $435 million utilizing operating cash flow and insurance proceeds.
Headline financials
Revenue & EPS history
Qurate · Revenue · Quarterly
$2.48B
Revenue by segment
Qurate · $1.96B total across 3 segments · Q1 2026
- QxH$1.23B—62.9%
- QVC International$538M—27.5%
- Cornerstone Brands$188M—9.6%
Forward guidance
Qurate Retail expects a double-digit CAGR on Adjusted OIBDA and free cash flow with stable revenues through 2024 compared to 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
-1.7%
Avg return
Earnings day
-4.1%
Avg return
5 days after
-2.9%
Avg return
30 days after
42%
27 / 64 earnings
Positive
+59.2%
Q3 2023
Best reaction
-39.5%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | +5.0% | -30.0% | |
| Q3 2025 | -39.5% | -37.7% | -9.6% | |
| Q2 2025 | +6.6% | +29.1% | +181.4% | |
| Q1 2025 | -17.4% | -41.7% | -73.5% | |
| Q4 2024 | -16.6% | -32.5% | -50.0% | |
| Q3 2024 | -19.6% | -17.9% | -32.1% | |
| Q2 2024 | +3.2% | +1.6% | -19.4% | |
| Q1 2024 | -14.5% | -8.8% | -19.8% | |
| Q4 2023 | +0.7% | -6.4% | -12.1% | |
| Q3 2023 | +59.2% | +46.5% | +111.6% | |
| Q2 2023 | -1.6% | -6.4% | -17.0% | |
| Q1 2023 | +56.8% | +59.2% | +42.3% | |
| Q4 2022 | -24.6% | -33.6% | -53.1% | |
| Q3 2022 | -19.5% | -27.4% | +3.5% | |
| Q2 2022 | +21.3% | +18.4% | -8.6% | |
| Q1 2022 | -14.6% | -21.3% | -14.8% | |
| Q4 2021 | -9.2% | -10.9% | -17.3% | |
| Q3 2021 | -14.8% | -10.7% | -29.7% | |
| Q2 2021 | -6.3% | -4.7% | -8.5% | |
| Q1 2021 | +18.6% | +9.5% | +10.9% | |
| Q4 2020 | -3.0% | -1.8% | -1.1% | |
| Q3 2020 | +14.1% | +6.3% | +46.8% | |
| Q2 2020 | -7.4% | -8.8% | -10.4% | |
| Q1 2020 | -7.8% | -4.6% | +13.5% | |
| Q4 2019 | -28.8% | -8.2% | -11.0% | |
| Q3 2019 | +11.1% | +9.6% | -11.9% | |
| Q2 2019 | +2.6% | -4.4% | -15.9% | |
| Q1 2019 | -28.7% | -25.5% | -24.0% | |
| Q4 2018 | -17.9% | -16.1% | -27.1% | |
| Q3 2018 | +2.9% | -1.0% | -9.8% | |
| Q2 2018 | +5.1% | +1.4% | -5.0% | |
| Q1 2018 | -10.3% | -10.8% | -12.6% | |
| Q4 2017 | -7.6% | -4.2% | -12.8% | |
| Q3 2017 | +11.0% | +10.2% | +15.1% | |
| Q2 2017 | -5.8% | -6.7% | -7.3% | |
| Q1 2017 | +13.0% | +11.3% | +11.8% | |
| Q4 2016 | -4.7% | -5.5% | -0.3% | |
| Q3 2016 | +10.7% | +9.2% | +14.2% | |
| Q2 2016 | -18.7% | -19.8% | -19.2% | |
| Q1 2016 | +2.3% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | -3.2% | — | — | |
| Q2 2015 | +3.7% | — | — | |
| Q1 2015 | -5.8% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | +8.1% | — | — | |
| Q2 2014 | -3.6% | — | — | |
| Q1 2014 | -1.6% | — | — | |
| Q4 2013 | -2.8% | — | — | |
| Q3 2013 | +1.6% | — | — | |
| Q2 2013 | -7.1% | — | — | |
| Q1 2013 | +5.8% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | -2.1% | — | — | |
| Q2 2012 | -3.6% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q4 2011 | +2.3% | — | — | |
| Q3 2011 | -6.0% | — | — | |
| Q2 2011 | +10.2% | — | — | |
| Q1 2011 | +5.0% | — | — | |
| Q4 2010 | -4.9% | — | — | |
| Q3 2010 | +2.5% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q1 2010 | -5.1% | — | — |
Discussion
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