{"schema_version":"secwatch.filing_event.v1","accession":"0001355096-25-000020","form_type":"8-K","ticker":"QVCGA","cik":"0001355096","company_name":"QVC Group, Inc.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.051577+00:00","generated_at":"2026-05-22T03:38:22.802997+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"QVC Group Q1 revenue down 10% to $2.105B; operating income plunges 90% to $14M","bullets":["Total revenue $2.105B, -10% YoY; operating income $14M vs $145M in Q1 2024.","Adjusted OIBDA $177M, -32% YoY; QxH revenue -11%, QVC International -6% (-4% constant currency).","Cornerstone revenue -13%; restructuring charges of $36M (QxH) and $21M (QVC International).","Leverage ratio 3.7x (above 3.5x), restricting dividends; total debt $5.566B (face), up $69M.","CEO cites linear TV decline, tariff volatility; partnership with TikTok for social shopping."],"urls":{"canonical":"https://secwatch.observer/filing/0001355096-25-000020","json":"https://secwatch.observer/filing/0001355096-25-000020.json","markdown":"https://secwatch.observer/filing/0001355096-25-000020.md","text":"https://secwatch.observer/filing/0001355096-25-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1355096/000135509625000020/0001355096-25-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1355096/000135509625000020/qvcga-20250507x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T03:38:22.802997+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}