In 2019, QVC, a subsidiary of Qurate Retail Inc., generated 10.98 billion U.S. dollars in revenue through its business activities around the globe. This marks a decrease from the 11.28 billion reported in 2018, which was the company’s biggest year of all time in terms of revenue generation, increasing annual figures by more than 2.5 billion U.S. dollars in comparison to 2017 after experiencing years of relative stagnation.
What does QVC do?
QVC is a television home shopping network which is broadcast primarily in the United States and also operates subsidiary stations in a handful of European countries as well as Japan and China. As of 2017, QVC programming reached hundreds of millions of consumers around the world, with the company’s biggest markets being the United States and China. In addition to the hundreds of millions of QVC viewers around the world, the company also boasts millions of paying customers, over eight million of which reside in the United States.
In addition to their television shopping network, the company also operates a website called qvc.com which serves as the company’s online marketplace. Although the online shopping market is traditionally dominated by large companies such as Amazon, Alibaba and Walmart, qvc.com has managed to carve out a significant online shopping platform, partially thanks to traffic generated by its television network. As of 2018 qvc.com ranked as one of the top e-commerce stores in the U.S. in terms of both net sales and share of visits.
Revenue generated by the QVC Inc. from 2010 to 2019
(in billion U.S. dollars)
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
QVC. (February 26, 2020). Revenue generated by the QVC Inc. from 2010 to 2019 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 29, 2020, from https://www.statista.com/statistics/536530/qvc-revenue/
QVC. "Revenue generated by the QVC Inc. from 2010 to 2019 (in billion U.S. dollars)." Chart. February 26, 2020. Statista. Accessed September 29, 2020. https://www.statista.com/statistics/536530/qvc-revenue/
QVC. (2020). Revenue generated by the QVC Inc. from 2010 to 2019 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 29, 2020. https://www.statista.com/statistics/536530/qvc-revenue/
QVC. "Revenue Generated by The Qvc Inc. from 2010 to 2019 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 Feb 2020, https://www.statista.com/statistics/536530/qvc-revenue/
QVC, Revenue generated by the QVC Inc. from 2010 to 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/536530/qvc-revenue/ (last visited September 29, 2020)