Qurate Retail | 8-K: FY2025 Q2 Revenue: USD 2.236 B

Revenue: As of FY2025 Q2, the actual value is USD 2.236 B.

EBIT: As of FY2025 Q2, the actual value is USD -2.272 B.

Segment Revenue

• QxH Revenue: Decreased by 11% from $1,558 million in 2Q24 to $1,391 million in 2Q25.
• QVC International Revenue: Increased by 3% in US Dollars from $576 million in 2Q24 to $593 million in 2Q25, but decreased by 3% in constant currency.
• Cornerstone Revenue: Decreased by 8% from $273 million in 2Q24 to $252 million in 2Q25.

Operational Metrics

• Operating Loss: Total QVC Group operating loss was $2,272 million in 2Q25 compared to an operating income of $165 million in 2Q24, primarily driven by a $2.4 billion non-cash impairment charge related to goodwill and tradenames.
• Adjusted OIBDA: Decreased by 18% from $282 million in 2Q24 to $232 million in 2Q25.
• Net Earnings (Loss): Net loss attributable to QVC Group, Inc. shareholders was $2,222 million in 2Q25 compared to net earnings of $20 million in 2Q24.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities was $26 million for the six months ended June 30, 2025, compared to $293 million for the same period in 2024.

Unique Metrics

• eCommerce Revenue: QxH eCommerce revenue decreased by 8% from $980 million in 2Q24 to $897 million in 2Q25, representing 64.5% of total revenue.
• Mobile % of eCommerce Revenue: Increased by 100 basis points from 70.6% in 2Q24 to 71.6% in 2Q25.

Outlook / Guidance

QVC Group is focused on implementing its WIN strategy to grow its social and streaming business revenue, diversify sourcing to mitigate tariff uncertainty, and complete the transition of HSN to the Studio Park campus. Despite challenges, the company remains confident in its long-term growth strategy to drive the future of live shopping.