Earnings release
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qurate RETAIL , INC . QURATE RETAIL , INC . REPORTS SECOND QUARTER 2021 FINANCIAL RESULTS Company Sustains Revenue , Operating Income , and Adjusted OIBDA Growth Over Strong 2020 Performance Englewood , Colorado , August 6 , 2021 - Qurate Retail , Inc. ( " Qurate Retail " ) ( Nasdaq : QRTEA , QRTEB , QRTEP ) today reported second quarter 2021 results ( ¹ ) . " We are delighted to report sustained year - over - year revenue , operating income and adjusted OIBDA growth following our strong performance in 2020 , " said Mike George , CEO of Qurate Retail . " The quarter played out largely as we expected , with our businesses responding effectively to customers ' evolving needs while managing continued supply chain headwinds and a tight labor market . We delivered strong increases in apparel and accessories and growth from our best customers at QxH , sustained momentum across our international businesses , and had record second quarter performance at Cornerstone Brands . " Exhibit 99.1 " Our results demonstrate that we are a stronger business today than when we entered the pandemic , with an expanded loyal customer base , leadership across multiple product categories , more extensive distribution and reach of our digital and video content , including the launch of our streaming service on Comcast , and an outstanding durable financial position . We're well positioned for growth , poised to take advantage of the accelerated trends toward online shopping , video streaming , social media , and all things for the home . " Second quarter 2021 operating results : Qurate Retail revenue increased 2 % to $ 3.5 billion In constant currency ( 2 ) revenue increased 1 % eCommerce revenue was flat at $ 2.2 billion or 62 % of total revenue Qurate Retail reported diluted EPS of $ 0.52 Adjusted diluted EPS ( 3 ) of $ 0.54 QxH revenue decreased 1 % QVC International revenue increased 11 % In constant currency , revenue increased 5 % Zulily revenue decreased 6 % Cornerstone revenue increased 18 %