Liberty Media Jumps 10 Percent as Q2 Sales, Ebitda Beat
Shares of John Malone’s Liberty Media Interactive (LINTA), owner of “QVC,” are up sharply this morning after the company beat Q2 expectations for revenue and operating profit.
Revenue fell, year over year, to $1.9 billion, the company reported, yielding adjusted Ebitda of $412 million. Still, that was ahead of the $1.834 billion and $345 million average estimate of analysts.
Revenue at QVC, which is most of the business, fell 4 percent to $1.7 billion, though that was an improvement from prior quarters, said QVC president and CEO Mike George.
