QVC Group Q4 revenue down 6%; operating loss $1.3B on $1.5B impairment

QVC Group, Inc.

2024-FY EPS reported -$3.26 revenue$10,037,000,000

Q4 revenue $2.944B down 6%; full year revenue $10.037B down 5% ex-Zulily.
Q4 operating loss $1.27B includes $1.5B non-cash goodwill/tradename impairment at QxH.
Q4 adjusted OIBDA $312M down 8%; full year adjusted OIBDA $1.103B down 1%.
Reduced total debt by $86M in Q4 and $442M in 2024; leverage ratio 3.1x.
Company renamed QVC Group on Feb 21, 2025; consolidating HQ to West Chester, PA.

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