Revenue: As of FY2025 Q3, the actual value is USD 2.213 B.EPS: As of FY2025 Q3, the actual value is USD -9.89.EBIT: As of FY2025 Q3, the actual value is USD 194 M.<h3>QxH Segment</h3><ul><li>Net Revenue: $1,416 million for Q3 2025, a decrease from $1,521 million in Q3 2024. For the nine months ended September 30, 2025, net revenue was $4,175 million, down from $4,618 million in the same period in 2024.</li><li>Operating Income (Loss): $48 million for Q3 2025, down from $107 million in Q3 2024. For the nine months ended September 30, 2025, operating loss was - $2,286 million, compared to an income of $307 million in the same period in 2024.</li><li>Adjusted OIBDA: $135 million for Q3 2025, down from $182 million in Q3 2024. For the nine months ended September 30, 2025, Adjusted OIBDA was $407 million, down from $561 million in the same period in 2024.</li></ul><h3>QVC International Segment</h3><ul><li>Net Revenue: $566 million for Q3 2025, a slight decrease from $571 million in Q3 2024. For the nine months ended September 30, 2025, net revenue was $1,696 million, down from $1,719 million in the same period in 2024.</li><li>Operating Income: $43 million for Q3 2025, down from $57 million in Q3 2024. For the nine months ended September 30, 2025, operating income was $134 million, down from $177 million in the same period in 2024.</li><li>Adjusted OIBDA: $58 million for Q3 2025, down from $70 million in Q3 2024. For the nine months ended September 30, 2025, Adjusted OIBDA was $196 million, down from $222 million in the same period in 2024.</li></ul><h3>CBI Segment</h3><ul><li>Net Revenue: $231 million for Q3 2025, down from $252 million in Q3 2024. For the nine months ended September 30, 2025, net revenue was $682 million, down from $756 million in the same period in 2024.</li><li>Operating Income (Loss): - $9 million for Q3 2025, compared to - $2 million in Q3 2024. For the nine months ended September 30, 2025, operating loss was - $10 million, compared to an income of $6 million in the same period in 2024.</li><li>Adjusted OIBDA: - $2 million for Q3 2025, compared to $6 million in Q3 2024. For the nine months ended September 30, 2025, Adjusted OIBDA was $10 million, down from $31 million in the same period in 2024.</li></ul><h3>Corporate and Other</h3><ul><li>Operating Loss: - $22 million for Q3 2025, compared to - $10 million in Q3 2024. For the nine months ended September 30, 2025, operating loss was - $38 million, compared to - $28 million in the same period in 2024.</li><li>Adjusted OIBDA: - $22 million for Q3 2025, compared to - $8 million in Q3 2024. For the nine months ended September 30, 2025, Adjusted OIBDA was - $37 million, compared to - $23 million in the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>WIN Strategy: QVC announced the WIN strategy targeting top-line growth through enhancing customer interactions across platforms, fostering engaging content experiences, and leveraging technology to streamline operations. The strategy includes consolidating QVC and HSN operations and reorganizing teams to support growth initiatives while maintaining Adjusted OIBDA margin.</li><li>Compensation Structure: A revised compensation structure was implemented for senior executives and other employees, guaranteeing cash payments through 2026, with a portion subject to performance conditions.</li></ul>

QVC | 10-Q: FY2025 Q3 Revenue: USD 2.213 B