1st

2nd

3rd

4th

Quarter

Quarter

Quarter

Quarter

amounts in millions,

except per share amounts

2018:

Revenue

$

3,230

3,233

3,231

4,376

Operating income

$

294

358

237

435

Net earnings (loss)

$

397

198

82

287

Net earnings (loss) attributable to Qurate Retail, Inc. stockholders:

Series A and Series B Qurate Retail common stock

$

142

187

72

273

Series A and Series B Liberty Ventures common stock

$

242

 —

 —

 —

Basic net earnings (loss) from continuing operations attributable to Qurate Retail, Inc. stockholders per common share:

Series A and Series B Qurate Retail common stock

$

0.30

0.40

0.16

0.61

Series A and Series B Liberty Ventures common stock

$

1.17

NA

NA

 —

Diluted net earnings (loss) from continuing operations attributable to Qurate Retail, Inc. stockholders per common share:

Series A and Series B Qurate Retail common stock

$

0.30

0.40

0.16

0.61

Series A and Series B Liberty Ventures common stock

$

1.16

NA

NA

 —

Basic net earnings (loss) attributable to Qurate Retail, Inc. stockholders per common share:

Series A and Series B Qurate Retail common stock

$

0.30

0.40

0.16

0.61

Series A and Series B Liberty Ventures common stock

$

2.81

NA

NA

 —

Diluted net earnings (loss) attributable to Qurate Retail, Inc. stockholders per common share:

Series A and Series B Qurate Retail common stock

$

0.30

0.40

0.16

0.61

Series A and Series B Liberty Ventures common stock

$

2.78

NA

NA

 —

1st

2nd

3rd

4th

Quarter

Quarter

Quarter

Quarter

amounts in millions,

except per share amounts

2017:

Revenue

$

2,327

2,352

2,381

3,344

Operating income

$

213

254

208

368

Net earnings (loss)

$

519

184

308

1,476

Net earnings (loss) attributable to Qurate Retail, Inc. stockholders:

Series A and Series B Qurate Retail common stock

$

91

111

119

887

Series A and Series B Liberty Ventures common stock

$

416

64

177

576

Basic net earnings (loss) from continuing operations attributable to Qurate Retail, Inc. stockholders per common share:

Series A and Series B Qurate Retail common stock

$

0.20

0.25

0.27

2.07

Series A and Series B Liberty Ventures common stock

$

4.89

0.75

2.06

6.70

Diluted net earnings (loss) from continuing operations attributable to Qurate Retail, Inc. stockholders per common share:

Series A and Series B Qurate Retail common stock

$

0.20

0.24

0.26

2.05

Series A and Series B Liberty Ventures common stock

$

4.84

0.74

2.03

6.70

Basic net earnings (loss) attributable to Qurate Retail, Inc. stockholders per common share:

Series A and Series B Qurate Retail common stock

$

0.20

0.25

0.27

2.07

Series A and Series B Liberty Ventures common stock

$

4.89

0.75

2.06

6.70

Diluted net earnings (loss) attributable to Qurate Retail, Inc. stockholders per common share:

Series A and Series B Qurate Retail common stock

$

0.20

0.24

0.26

2.05

Series A and Series B Liberty Ventures common stock

$

4.84

0.74

2.03

6.70