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Qurate Retail's (QRTEA) CEO Mike George on Q1 2020 Results - Earnings Call Transcript

May 08, 2020 12:56 PM ETQurate Retail, Inc. (QRTEA)1 Comment
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Qurate Retail, Inc. (NASDAQ:QRTEA) Q1 2020 Earnings Conference Call May 7, 2020 8:30 AM ET

Company Participants

Courtnee Chun – Chief Portfolio Officer and Senior Vice President of Investor Relations

Mike George – President and Chief Executive Officer

Jeff Davis – Chief Financial Officer

Greg Maffei – Executive Chairman

Conference Call Participants

Oliver Wintermantel – Evercore

Heather Balsky – Bank of America

Edward Yruma – KeyBanc

Thomas Forte – D.A. Davidson

Jason Bazinet – Citi


Ladies and gentlemen, thank you for standing by. Welcome to the Qurate Retail 2020 Q1 Earnings call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded, May 7.

I would now like to turn the conference over to Courtnee Chun, Chief Portfolio Officer and Senior Vice President of Investor Relations. Please go ahead.

Courtnee Chun

Thank you. Before we begin, we’d like to remind everyone that this call includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in the most recent forms 10-K and 10-Q filed by our company and QVC with the SEC.

These forward-looking statements speak only as of the date of this call, and Qurate Retail expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Qurate Retail’s expectation with regard thereto or any change in events, conditions or circumstances, on which any such statement is based.

On today’s call, we will discuss certain non-GAAP financial measures, including adjusted OIBDA, adjusted OIBDA margin, free cash flow and constant currency. Information regarding the comparable GAAP metrics, along with required definitions and

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