Qurate Retail | 8-K: FY2025 Q1 Revenue: USD 2.105 B

Revenue: As of FY2025 Q1, the actual value is USD 2.105 B.

EBIT: As of FY2025 Q1, the actual value is USD 14 M.

Segment Revenue

• QxH Revenue: Decreased by 11% from $1,539 million in Q1 2024 to $1,368 million in Q1 2025.
• QVC International Revenue: Decreased by 6% in US Dollars and 4% in constant currency, from $572 million in Q1 2024 to $537 million in Q1 2025.
• Cornerstone Revenue: Decreased by 13% from $231 million in Q1 2024 to $200 million in Q1 2025.
• Total QVC Group Revenue: Decreased by 10% from $2,342 million in Q1 2024 to $2,105 million in Q1 2025.

Operational Metrics

• Operating Income: Total QVC Group operating income decreased by 90% from $145 million in Q1 2024 to $14 million in Q1 2025.
• Adjusted OIBDA: Decreased by 32% in US Dollars and 31% in constant currency, from $259 million in Q1 2024 to $177 million in Q1 2025.
• Net Income: QVC Group reported a net loss of $91 million in Q1 2025 compared to net earnings of $8 million in Q1 2024.

Cash Flow

• Operating Cash Flow: Net cash used by operating activities was - $60 million in Q1 2025 compared to $26 million provided in Q1 2024.
• Free Cash Flow: Not explicitly stated, but cash and cash equivalents decreased from $905 million at the end of 2024 to $833 million at the end of Q1 2025.

Unique Metrics

• eCommerce Revenue: Decreased by 9% from $958 million in Q1 2024 to $867 million in Q1 2025, representing 63.4% of total revenue.
• Mobile % of eCommerce Revenue: Increased from 69.8% in Q1 2024 to 71.3% in Q1 2025.

Outlook / Guidance

QVC Group is focusing on social shopping as a transformative opportunity, exemplified by its partnership with TikTok for ²⁴⁄₇ content creation. The company is navigating current market challenges, including declining linear television viewership and tariff volatility, by executing its long-term strategy and remaining agile.