QVC INC
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
QVCG$8.03-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations I-2
Condensed Consolidated Statements of Operations
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| (in millions) | 2025 | 2024 | 2025 | 2024 |
| Total revenue, net | $1,984 | 2,134 | 3,889 | 4,245 |
| Operating costs and expenses: | ||||
| Cost of goods sold (exclusive of depreciation and amortization shown separately below) | 1,281 | 1,374 | 2,552 | 2,747 |
| Operating expense | 154 | 167 | 308 | 337 |
| Selling, general and administrative, including stock-based compensation | 328 | 324 | 627 | 644 |
| Depreciation and amortization | 98 | 88 | 193 | 180 |
| Impairment of goodwill and intangible assets (note 2) | 2,395 | — | 2,395 | — |
| Restructuring costs (note 4) | — | 18 | 57 | 18 |
| Gain on sale leaseback transaction | — | — | — | (1) |
| 4,256 | 1,971 | 6,132 | 3,925 | |
| Operating income (loss) | (2,272) | 163 | (2,243) | 320 |
| Other income (expense): | ||||
| Interest expense, net | (63) | (67) | (123) | (129) |
| Foreign currency gain (loss) | (9) | 1 | (13) | — |
| (72) | (66) | (136) | (129) | |
| Earnings (loss) before income taxes | (2,344) | 97 | (2,379) | 191 |
| Income tax (expense) benefit | 190 | (31) | 192 | (63) |
| Net earnings (loss) | (2,154) | 66 | (2,187) | 128 |
| Less net (earnings) loss attributable to the noncontrolling interest | (11) | (13) | (20) | (24) |
| Net earnings (loss) attributable to QVC, Inc. shareholder | $(2,165) | 53 | (2,207) | 104 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.