earnings
confidence high
sentiment negative
materiality 0.85
QVC Group Q3 revenue down 6%, adjusted OIBDA -32%; going concern flag on $2.9B bank debt
QVC Group, Inc.
2025-Q3 EPS reported
-$297.70
revenue$6,553,000,000
- Revenue $2,213M (-6% YoY); operating income $60M (-61%); adjusted OIBDA $169M (-32%).
- QxH revenue -7%, QVC International -1% (-5% constant currency); Cornerstone -8%.
- Cash rose $920M to $1,817M; total debt $6,615M face (+$975M); bank credit facility $2.9B drawn.
- Bank credit facility matures Oct 2026; leverage 4.2x; going concern dependent on refinancing or repayment.
- Dividend restricted as consolidated leverage >3.5x under senior secured notes covenants.
item 2.02item 9.01