Earnings: Liberty Media's Interactive Revenues Drop 4 Percent

Driven by weak sales at its home-shopping channel QVC, Liberty Media Interactive (NSDQ: LINTA) reported a 4 percent drop in revenues to $2.4 billion, while Interactive’s operating-income-before-depreciation-and-amortization (OIBDA) decreased 4 percent to $432 million. Revenues at Liberty Entertainment were up 26 percent, to $360 million, and OIBDA grew 143 percent, to $107 million. (The Entertainment group’s results were boosted by the acquisition of Liberty Sports Group).

While Interactive was hurt by the slower sales at QVC, it got a lift from continued growth at e-commerce businesses like Provide Commerce, bodybuilding.com, and backcountry.com. QVC revenues decreased 8 percent, while e-commerce revenues were up by double-digits. The company is building out QVC