QVC | 8-K: FY2025 Q2 Revenue: USD 2.236 B

Revenue: As of FY2025 Q2, the actual value is USD 2.236 B.

EBIT: As of FY2025 Q2, the actual value is USD -2.272 B.

Segment Revenue

• QxH Revenue: Decreased by 11% from $1,558 million in Q2 2024 to $1,391 million in Q2 2025.
• QVC International Revenue: Increased by 3% in US Dollars from $576 million in Q2 2024 to $593 million in Q2 2025, but decreased by 3% in constant currency.
• Cornerstone Revenue: Decreased by 8% from $273 million in Q2 2024 to $252 million in Q2 2025.

Operational Metrics

• Operating Loss: QVC Group reported an operating loss of $2.3 billion in Q2 2025, compared to an operating income of $165 million in Q2 2024.
• Adjusted OIBDA: Decreased by 18% in US Dollars from $282 million in Q2 2024 to $232 million in Q2 2025, and decreased by 19% in constant currency.
• Net Income (Loss): QVC Group reported a net loss of $2,209 million in Q2 2025, compared to net earnings of $32 million in Q2 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $26 million for the six months ended June 30, 2025, compared to $293 million for the same period in 2024.

Unique Metrics

• Impairment Charges: QxH incurred a $2.4 billion non-cash impairment charge related to goodwill and tradenames in Q2 2025.

Outlook / Guidance

QVC Group is focused on its WIN strategy, which includes growing its social and streaming business revenue, diversifying sourcing to mitigate tariff uncertainty, and transitioning HSN to the Studio Park campus. The company acknowledges the challenging environment due to the decline of linear television and international trade uncertainties but remains confident in its long-term growth strategy.