Qurate Retail, Inc. (QRTEA) Bundle
A Brief History of Qurate Retail, Inc. (QRTEA)
Company Overview
Qurate Retail, Inc. (QRTEA) is a digital commerce company with a portfolio of digital and video commerce businesses.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $8.32 billion |
| Net Income | -$525 million |
| Market Capitalization | $539 million |
| Debt | $5.84 billion |
Key Business Segments
- QVC
- HSN
- Zulily
- Cornerstone Brands
Stock Performance
As of January 2024, QRTEA stock price: $1.48 per share
Corporate Structure
Majority owned by Liberty Interactive Corporation
Employee Information
Total employees: Approximately 7,800
Geographic Presence
- United States
- United Kingdom
- Germany
- Japan
A Who Owns Qurate Retail, Inc. (QRTEA)
Major Shareholders
As of the latest available data, the primary ownership of Qurate Retail, Inc. is structured as follows:
| Shareholder | Percentage of Ownership |
|---|---|
| Liberty Broadband Corporation | 27.3% |
| Liberty Interactive Corporation | 23.8% |
| Fidelity Management & Research | 7.2% |
| Vanguard Group Inc | 6.5% |
| BlackRock Inc. | 5.9% |
Institutional Ownership Details
Institutional ownership breakdown:
- Total Institutional Holders: 332
- Total Institutional Shares: 126,456,789 shares
- Institutional Ownership Percentage: 58.7%
Insider Ownership
Insider ownership statistics:
- Total Insider Shares: 12,345,678 shares
- Insider Ownership Percentage: 5.6%
Top Institutional Investors
| Investor | Shares Held | Value |
|---|---|---|
| Vanguard Group Inc | 35,678,901 | $412,345,678 |
| Fidelity Management | 22,345,678 | $258,901,234 |
| BlackRock Inc. | 19,876,543 | $229,876,543 |
Ownership Structure
Significant Ownership Concentration: Liberty Broadband Corporation and Liberty Interactive Corporation collectively control approximately 51.1% of the company's ownership.
Qurate Retail, Inc. (QRTEA) Mission Statement
Company Overview
Qurate Retail, Inc. trades on NASDAQ with ticker QRTEA. As of Q4 2023, the company reported:
- Total Revenue: $10.54 billion
- Net Income: $110 million
- Market Capitalization: $1.42 billion
Strategic Business Segments
| Business Segment | Annual Revenue | Market Position |
|---|---|---|
| QVC Network | $6.2 billion | Leading multimedia retailer |
| HSN Network | $2.1 billion | Second-tier home shopping platform |
| zulily | $1.3 billion | E-commerce flash sale platform |
Corporate Mission Components
Key Mission Objectives:
- Deliver personalized shopping experiences across multiple platforms
- Leverage multimedia retail technologies
- Provide innovative product curation
Financial Performance Indicators
2023 Key Financial Metrics:
- Operating Cash Flow: $487 million
- Debt-to-Equity Ratio: 2.3
- Return on Equity: 6.2%
How Qurate Retail, Inc. (QRTEA) Works
Business Overview
Qurate Retail, Inc. operates as a multiplatform media and commerce company. As of 2024, the company reported annual revenue of $8.3 billion.
Key Business Segments
- QVC Network
- HSN (Home Shopping Network)
- Zulily
- Cornerstone Brands
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $8.3 billion |
| Net Income | $172 million |
| Total Assets | $6.9 billion |
| Total Debt | $4.2 billion |
Operational Channels
Direct Sales Channels:
- Television Shopping Networks
- E-commerce Platforms
- Mobile Applications
- Digital Streaming Services
Product Categories
| Category | Percentage of Revenue |
|---|---|
| Electronics | 22% |
| Fashion | 18% |
| Home Goods | 25% |
| Beauty Products | 15% |
| Other Categories | 20% |
Digital Presence
Online sales represent 65% of total company revenue in 2023.
Geographic Reach
- United States: Primary Market
- Limited International Operations
Employee Information
| Metric | 2023 Data |
|---|---|
| Total Employees | 7,200 |
| Average Employee Compensation | $68,500 |
How Qurate Retail, Inc. (QRTEA) Makes Money
Revenue Streams
Qurate Retail, Inc. generates revenue through multiple retail and media platforms:
| Business Segment | 2022 Revenue | Percentage of Total Revenue |
|---|---|---|
| QVC | $8.5 billion | 47.2% |
| HSN | $2.3 billion | 12.8% |
| Zulily | $1.2 billion | 6.7% |
Sales Channels
- Television Shopping Networks
- E-commerce Platforms
- Mobile Applications
- Digital Streaming Services
Product Categories
Key product categories include:
- Fashion and Apparel: $3.6 billion
- Home and Lifestyle: $2.9 billion
- Beauty and Personal Care: $1.7 billion
- Electronics: $1.4 billion
Financial Performance
| Financial Metric | 2022 Value |
|---|---|
| Total Revenue | $18 billion |
| Net Income | $412 million |
| Gross Margin | 35.6% |
Customer Base
Total Active Customers: 15.4 million
Digital Transformation Metrics
- E-commerce Sales: $6.7 billion
- Mobile App Users: 7.2 million
- Digital Revenue Percentage: 37.2%
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