Qurate Retail Group Company profile
About Qurate Retail Inc
Qurate Retail, Inc. is engaged in the video and online commerce industries in North America, Europe and Asia. The Company operates through its wholly-owned subsidiaries, QVC, Inc. (QVC), which includes HSN, Inc. (HSN), Cornerstone Brands, Inc. (Cornerstone), and Zulily, LLC (Zulily). Its segments include QxH, QVC International, and Zulily. QxH segment consists of QVC U.S. and HSN offers a variety of consumer products in the United States, primarily by means of their televised shopping programs and through their Websites and mobile applications (app). QVC International segment offers a variety of consumer products in several foreign countries, primarily by means of its televised shopping programs and through its international Websites and mobile apps. Zulily segment sells a variety of consumer products in the United States and several foreign countries through flash sales events, primarily through its app, mobile and desktop experiences.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Qurate Retail Inc revenues decreased 1% to $14.04B. Net income decreased 75% to $340M. Revenues reflect QxH segment decrease of 3% to $8.28B, Zulily segment decrease of 11% to $1.45B, United States segment decrease of 2% to $10.86B. Net income also reflects Zulily segment loss increase from $12M to $469M, QxH segment income decrease of 10% to $1.02B.
Equity composition
Common Stock, Interactive Series A, 01/11, $0.01 Par, 4B auth., 570,762,287 issd. insiders control 0.71%, Common Stock, Interactive Series B $.01 Par, 150M auth., 29,054,371 issd. Insiders control approx. 94.47%.
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