QVC boosts Liberty results

Friday, May 07, 2010

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QVC posted an 11% increase and Starz a 3% increase in Q1 '10 revenue in results released by Liberty Media Group today.

QVC domestic revenue rose 10% to $1.16 billion, and adjusted OIBDA rose 15% to $261 million.

Starz Entertainment revenue rose 3% to $305 million, a $9 million increase from a year ago. Rate increases accounted for $3 million and subscription unit growth $6 million. Encore units rose 500,000 and Starz 200,000 in the quarter.

Adjusted OIBDA fell 2% to $106 million, due to a slight uptick in SG&A expenses.

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