• by Wayne Friedman , February 28, 2017

Liberty Interactive Corp’s QVC TV shopping channel witnessed declining revenue in the fourth quarter. The QVC Group revenues sank 3% to $3.1 billion; with net income sinking 16% to $188 million.

U.S. revenue decreased 7% to $1.9 billion, with the company saying it experienced year-over-year drops in many categories -- including jewelry, electronics and beauty, offset by gains in apparel, home and accessories.

The average selling price per unit declined 8% to $56.78 with the number of units sold increasing 1%. QVC’s online/ecommerce revenue slipped 1% to $1.1 billion -- which represents 56% of total company U.S. revenue in the quarter.

QVC's international revenue was flat at $711 million in the fourth quarter -- which included unfavorable currency exchange rates.

Liberty Interactive’s zulily -- its online clothing, toys, and home products retailer -- pulled in 10% more in revenue $467 million in the period; it posted an operating loss of $14 million. Liberty acquired the company in October 2015.

John Malone is chairman of Liberty Interactive, Another company controlled by Malone is Liberty Media Corp., which also released financial results on Tuesday. 

Liberty Media’s three main business are now Sirius XM Group, Altanta Braves Group and Formula One Group. Sirius posted a 9% revenue gain to $1.3 billion in the fourth quarter; and Braves Group was up 12.5% to $18 million. Liberty Media’s acquisition of Formula One Group was completed on January 23.