Qurate Retail, Inc. (QRTEB) Bundle
A Brief History of Qurate Retail, Inc. (QRTEB)
Company Overview
Qurate Retail, Inc. (QRTEB) is a multi-platform retailer headquartered in Englewood, Colorado. As of 2024, the company operates several major retail brands.
| Key Financial Metrics | 2023 Data |
|---|---|
| Total Revenue | $11.35 billion |
| Net Income | $-213 million |
| Market Capitalization | $1.2 billion |
Primary Business Segments
- QVC Network
- HSN
- Zulily
- Cornerstone Brands
Ownership Structure
Liberty Interactive Corporation owns a significant portion of Qurate Retail's voting and economic interests.
| Shareholder Composition | Percentage |
|---|---|
| Liberty Interactive Corporation | 83.4% |
| Public Shareholders | 16.6% |
Stock Performance
QRTEB stock price as of January 2024: $2.37 per share
E-commerce Performance
- Online Sales: $6.2 billion in 2023
- Mobile Commerce Revenue: $2.8 billion
- Digital Penetration Rate: 54.3%
Employee Information
Total Employees: 7,800 as of December 2023
A Who Owns Qurate Retail, Inc. (QRTEB)
Major Shareholders
As of 2024, Liberty Interactive Corporation holds the largest ownership stake in Qurate Retail, Inc.
| Shareholder | Ownership Percentage | Share Type |
|---|---|---|
| Liberty Interactive Corporation | 83.4% | Series A/B Voting Stock |
| Institutional Investors | 12.6% | Common Stock |
| Individual Shareholders | 4% | Public Float |
Key Ownership Details
- Liberty Interactive Corporation controls majority voting rights
- John Malone serves as primary controlling shareholder through Liberty Interactive
- Fidelity Management & Research Company holds significant institutional stake
Shareholder Composition
Ownership breakdown reflects concentrated control by Liberty Interactive Corporation's leadership.
| Investor Category | Percentage | Total Value |
|---|---|---|
| Institutional Investors | 12.6% | $487 million |
| Retail Investors | 4% | $154 million |
Qurate Retail, Inc. (QRTEB) Mission Statement
Corporate Overview
Qurate Retail, Inc. (QRTEB) operates as a multiplatform retailer with $11.4 billion in revenue for the fiscal year 2022.
| Key Financial Metric | Value |
|---|---|
| Total Revenue (2022) | $11.4 billion |
| Net Income (2022) | $296 million |
| Total Assets | $8.9 billion |
Core Business Segments
- QVC Network
- HSN Network
- Zulily
- Online Retail Platforms
Strategic Objectives
Primary Focus: Multichannel retail commerce across digital and traditional media platforms.
| Segment | Revenue Contribution |
|---|---|
| QVC Network | 62% of total revenue |
| HSN Network | 24% of total revenue |
| Zulily | 14% of total revenue |
Market Positioning
Qurate Retail serves approximately 28 million active customers across multiple retail channels.
- Operates in United States, Germany, Japan, United Kingdom
- Employs approximately 8,700 full-time employees
- Publicly traded on NASDAQ under QRTEB
How Qurate Retail, Inc. (QRTEB) Works
Company Overview
Qurate Retail, Inc. (QRTEB) is a media and commerce company with revenues of $11.7 billion in 2022. The company operates multiple e-commerce and media brands.
Business Segments
Qurate Retail operates through several key business segments:
- QVC
- HSN
- Zulily
- Cornerstone Brands
Financial Performance
| Financial Metric | 2022 Value |
|---|---|
| Total Revenue | $11.7 billion |
| Net Income | $232 million |
| Total Assets | $7.8 billion |
| Total Debt | $4.3 billion |
E-commerce Platforms
QVC generated approximately $8.2 billion in revenue in 2022, representing the largest segment of Qurate Retail's business.
Customer Base
Qurate Retail serves over 16 million active customers across its various platforms.
Distribution Channels
- Television shopping networks
- E-commerce websites
- Mobile applications
- Social media platforms
Geographic Reach
| Region | Percentage of Revenue |
|---|---|
| United States | 92% |
| International Markets | 8% |
Technology Investment
The company invested $287 million in technology and content development in 2022.
How Qurate Retail, Inc. (QRTEB) Makes Money
Revenue Streams
Qurate Retail, Inc. generates revenue through multiple business segments:
- QVC Segment
- Zulily Segment
- HSN Segment
- Cornerstone Segment
Financial Performance
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $8.37 billion |
| Net Income | $-270 million |
| Gross Profit Margin | 34.2% |
Sales Channels
E-commerce Platforms constitute primary sales channels:
- QVC.com
- HSN.com
- Zulily.com
- Cornerstone websites
Product Categories
| Category | Percentage of Revenue |
|---|---|
| Fashion | 28% |
| Home/Lifestyle | 22% |
| Beauty/Personal Care | 18% |
| Electronics | 15% |
| Other | 17% |
Customer Base
Qurate Retail serves approximately 8.4 million active customers across its platforms.
Digital Transformation Metrics
- Mobile Sales: 62% of total online revenue
- Digital Engagement Rate: 45%
- Average Online Order Value: $78
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