earnings
confidence high
sentiment negative
materiality 0.75
QVC Group Q2 revenue down 7% to $2.24B; operating loss $2.3B on $2.4B impairment; borrows $975M in July
QVC Group, Inc.
2025-Q2 EPS reported
-$289.11
revenue$4,341,000,000
- Revenue $2,236M (-7% USD, -9% CC); Adjusted OIBDA $232M (-18%).
- QxH revenue -11% to $1,391M; QVC International +3% (-3% CC); Cornerstone -8%.
- Operating loss of $2.3B includes $2.4B non-cash impairment of goodwill and tradenames.
- QVC leverage 3.9x at June 30; borrowed $975M in July, reducing credit availability to ~$200M.
- QVC restricted from unlimited dividends due to leverage >3.5x under senior secured notes.
item 2.02item 9.01