Qurate Retail | 10-Q: FY2025 Q2 Revenue: USD 2.236 B

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

EPS: As of FY2025 Q2, the actual value is USD -275.46.

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

Net Revenue: $1,391 million for Q2 2025, down from $1,558 million in Q2 2024. $2,759 million for the first six months of 2025, down from $3,097 million in the same period of 2024.
Cost of Goods Sold: $900 million for Q2 2025, down from $1,007 million in Q2 2024. $1,823 million for the first six months of 2025, down from $2,014 million in the same period of 2024.
Gross Profit: $491 million for Q2 2025, down from $551 million in Q2 2024. $936 million for the first six months of 2025, down from $1,083 million in the same period of 2024.
Operating Income (Loss): - $2,334 million for Q2 2025, down from $106 million in Q2 2024. - $2,334 million for the first six months of 2025, down from $200 million in the same period of 2024.
Adjusted OIBDA: $150 million for Q2 2025, down from $194 million in Q2 2024. $272 million for the first six months of 2025, down from $379 million in the same period of 2024.

Net Revenue: $593 million for Q2 2025, up from $576 million in Q2 2024. $1,130 million for the first six months of 2025, down from $1,148 million in the same period of 2024.
Cost of Goods Sold: $381 million for Q2 2025, up from $367 million in Q2 2024. $729 million for the first six months of 2025, down from $733 million in the same period of 2024.
Gross Profit: $212 million for Q2 2025, up from $209 million in Q2 2024. $401 million for the first six months of 2025, down from $415 million in the same period of 2024.
Operating Income: $62 million for Q2 2025, up from $57 million in Q2 2024. $91 million for the first six months of 2025, down from $120 million in the same period of 2024.
Adjusted OIBDA: $75 million for Q2 2025, down from $77 million in Q2 2024. $138 million for the first six months of 2025, down from $152 million in the same period of 2024.

Net Revenue: $252 million for Q2 2025, down from $273 million in Q2 2024. $452 million for the first six months of 2025, down from $504 million in the same period of 2024.
Cost of Goods Sold: $141 million for Q2 2025, down from $158 million in Q2 2024. $256 million for the first six months of 2025, down from $296 million in the same period of 2024.
Gross Profit: $111 million for Q2 2025, down from $115 million in Q2 2024. $196 million for the first six months of 2025, down from $208 million in the same period of 2024.
Operating Income: $10 million for Q2 2025, down from $11 million in Q2 2024. - $1 million for the first six months of 2025, down from $8 million in the same period of 2024.
Adjusted OIBDA: $17 million for Q2 2025, down from $19 million in Q2 2024. $13 million for the first six months of 2025, down from $25 million in the same period of 2024.

Operating Loss: - $10 million for Q2 2025, down from - $9 million in Q2 2024. - $14 million for the first six months of 2025, down from - $18 million in the same period of 2024.
Adjusted OIBDA: - $10 million for Q2 2025, down from - $8 million in Q2 2024. - $14 million for the first six months of 2025, down from - $15 million in the same period of 2024.

Net Revenue: $2,236 million for Q2 2025, down from $2,407 million in Q2 2024. $4,341 million for the first six months of 2025, down from $4,749 million in the same period of 2024.
Operating Income (Loss): - $2,272 million for Q2 2025, down from $165 million in Q2 2024. - $2,258 million for the first six months of 2025, down from $310 million in the same period of 2024.
Adjusted OIBDA: $232 million for Q2 2025, down from $282 million in Q2 2024. $409 million for the first six months of 2025, down from $541 million in the same period of 2024.

WIN Strategy: QVC announced the WIN strategy targeting top-line growth through three central priorities: ‘Wherever She Shops’, ‘Inspiring People & Products’, and ‘New Ways of Working’. This strategy aims to enhance customer interactions across diverse platforms, foster rich, engaging content experiences, and leverage technology and process enhancements to streamline operations and fuel innovation.
Operational Changes: QVC announced the consolidation of its QVC and HSN operations at QVC’s Studio Park location in West Chester, PA, and the closing of the St. Petersburg, FL campus. This consolidation is part of QVC’s organizational and strategic changes intended to support its WIN strategy.
Restructuring Costs: QVC recorded $36 million and $21 million of restructuring costs at QxH and QVC International, respectively, during the six months ended June 30, 2025, as part of the WIN strategy.