---
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"
generated_at: "2026-05-22T03:38:22.802997+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# QVC Group Q1 revenue down 10% to $2.105B; operating income plunges 90% to $14M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001355096-25-000020
- JSON: https://secwatch.observer/filing/0001355096-25-000020.json
- Plain text: https://secwatch.observer/filing/0001355096-25-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.