Earnings release
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Press Release qir.qurateretail.com/news-releases/news-release-details/qurate-retail-inc-reports-first-quarter-2021-financial-results Qurate Retail , Inc. Reports First Quarter 2021 Financial Results Company Generates Outstanding Revenue and Profit Growth at All Businesses ENGLEWOOD , Colo.Qurate Retail , Inc. ( " Qurate Retail " ) ( Nasdaq : QRTEA , QRTEB , QRTEP ) today reported first quarter 2021 results ( 1 ) . " We generated outstanding results across all our businesses and markets , ” said Mike George , President and CEO of Qurate Retail . " Our performance demonstrates the competitive advantage of our business model . We operate at the inflection point of accelerated online shopping , wide adoption of video streaming and growing consumer engagement on digital platforms . The progress we've made through years of strategic investment to capitalize on these trends positions us as a world leader in video , digital , mobile and social commerce . This past year has solidified our confidence in the long term prospects for the business . " First quarter 2021 operating results : • Qurate Retail revenue increased 14 % to $ 3.3 billion o In constant currency ( 2 ) revenue increased 13 % o eCommerce revenue increased 19 % to $ 2.1 billion or 61 % of total revenue • Qurate Retail reported diluted EPS of $ 0.49 Adjusted diluted EPS ( 3 ) increased 78 % to $ 0.48 • QxH revenue increased 8 % • QVC International revenue increased 22 % ● constant currency , revenue increased 15 % Zulily revenue increased 19 % • Cornerstone revenue increased 41 % Corporate updates : • From February 1 , 2021 through April 30 , 2021 , repurchased 5.0 million QRTEA shares at an average price per share of $ 12.12 and total cost of $ 61 million • Qurate Retail published its inaugural Corporate Responsibility report guided by United Nations ' Sustainable Development Goals Includes disclosure aligned with Sustainability Accounting Standards Board ( " SASB " ) standards Discussion of Results Unless otherwise noted , the following discussion compares financial information for the three months ended March 31 , 2021 to the same period in 2020 . FIRST QUARTER 2021 FINANCIAL RESULTS 1/19