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QVCGA

QVC Group Inc.

QVCGA

QVC Group Inc. • NASDAQ
$9.31 ▲ 2.76% (+0.25)
Market Cap $73.42 M
52w High $31.50
52w Low $2.27
Dividend Yield 0%
P/E -0.02
Volume 19.37K
Outstanding Shares 7.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.213B ▼ $692M ▼ $-80M ▲ -3.615% ▲ $-9.92 ▲ $180M ▼
Q2-2025 $2.236B ▲ $3.086B ▲ $-2.222B ▼ -99.374% ▼ $-275.41 ▼ $242M ▲
Q1-2025 $2.105B ▼ $705M ▼ $-100M ▲ -4.751% ▲ $-12.5 ▲ $173M ▼
Q4-2024 $2.944B ▲ $2.251B ▲ $-1.286B ▼ -43.682% ▼ $-165.02 ▼ $302M ▲
Q3-2024 $2.344B $675M $-23M -0.981% $-2.9 $231M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.864B ▲ $7.56B ▲ $10.535B ▲ $-3.072B ▼
Q2-2025 $927M ▲ $6.699B ▼ $9.587B ▼ $-2.98B ▼
Q1-2025 $833M ▼ $8.981B ▼ $9.874B ▼ $-981M ▼
Q4-2024 $905M ▲ $9.243B ▼ $10.128B ▼ $-971M ▼
Q3-2024 $873M $10.773B $10.294B $397M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-80M ▲ $4M ▼ $-36M ▲ $974M ▲ $890M ▲ $-27M ▼
Q2-2025 $-2.222B ▼ $86M ▲ $-89M ▼ $63M ▲ $75M ▲ $48M ▲
Q1-2025 $-91M ▲ $-60M ▼ $-78M ▼ $55M ▲ $-71M ▼ $-137M ▼
Q4-2024 $-1.275B ▼ $212M ▲ $-76M ▼ $-86M ▲ $33M ▲ $136M ▲
Q3-2024 $-15M $20M $-51M $-327M $-335M $-33M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Accessories
Accessories
 $60.00M ▲$50.00M ▼$60.00M ▲$50.00M ▼
Apparel
Apparel
 $110.00M ▲$100.00M ▼$110.00M ▲$110.00M ▲
Beauty
Beauty
 $50.00M ▲$120.00M ▲$140.00M ▲$130.00M ▼
Electronics
Electronics
 $0 ▲$10.00M ▲$70.00M ▲$10.00M ▼
Home
Home
 $290.00M ▲$220.00M ▼$230.00M ▲$230.00M ▲
Jewelry
Jewelry
 $350.00M ▲$80.00M ▼$270.00M ▲$40.00M ▼
QVC International
QVC International
 $680.00M ▲$540.00M ▼$590.00M ▲$570.00M ▼
QxH
QxH
 $1.98Bn ▲$1.37Bn ▼$1.39Bn ▲$1.42Bn ▲
Manufactured Product Other
Manufactured Product Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been sliding steadily for several years, moving from a higher base down to a clearly lower level today. That tells you the core business is shrinking rather than growing. Profitability has become more fragile. Gross profit has come down somewhat with sales, and while the company used to earn solid operating profits, it has swung between losses and only modest profits more recently. In the latest year, operating results and EBITDA both turned negative again. Net results have been volatile, with sizeable losses in several of the last years and only small profits in between. The large swings in reported earnings per share are mostly a reflection of share-count changes and accounting items, not a smooth, improving earnings story. Overall, this is a business under earnings pressure, trying to stabilize after a period of declining sales and inconsistent profitability.

Balance Sheet

Balance Sheet The balance sheet shows a company that has been shrinking and absorbing losses. Total assets have come down meaningfully over the period, suggesting divestments, write‑downs, or reduced investment in the business. At the same time, debt remains high relative to the reduced asset base, even though it has edged down a bit. This means leverage is still a key risk point. Equity has eroded from a healthy positive level to negative territory. Negative equity usually signals accumulated losses, write‑downs, or both, and reduces financial flexibility. Cash on hand is fairly modest, not dangerously low but not strong enough to offset the leverage story on its own. Overall, the balance sheet looks stretched: a smaller company, carrying meaningful debt, with book value now below zero.

Cash Flow

Cash Flow Despite weak reported earnings, the business has continued to generate positive operating cash flow most years, though the amount has trended down over time. That is an important distinction: the underlying operations still bring in cash, but not as comfortably as they once did. Capital spending has been relatively light and even slightly lower in recent years, which has helped keep free cash flow positive in most periods. However, lower investment can also signal tighter budgets and a focus on preservation rather than aggressive growth. In short, cash generation remains a relative strength compared with the income statement and balance sheet, but the cushion is thinner than it used to be, and there is less room for error if sales or margins weaken further.

Competitive Edge

Competitive Edge QVC’s competitive edge is built more on brand, format, and customer relationships than on low prices. The company benefits from deep customer loyalty, with many repeat shoppers who feel attached to specific hosts and shows. Its curated, story‑driven presentation turns shopping into entertainment, which is structurally different from the search‑and‑click style of typical e‑commerce. Exclusive brands, celebrity partnerships, and private labels give QVC products that can’t easily be found elsewhere, supporting differentiation. At the same time, the competitive backdrop is intense. Large online marketplaces, social platforms, and direct‑to‑consumer brands are all pushing into live and social shopping. QVC’s shift from traditional TV to a multi‑platform presence is necessary just to keep up. The moat today is more about long‑standing relationships, trust, and content expertise than about technology or cost, and those strengths must now work harder against well‑funded digital rivals.

Innovation and R&D

Innovation and R&D QVC is not a classic heavy R&D spender, but it is clearly investing in format and technology innovation. The company is leaning into “vCommerce” by spreading its shows across mobile apps, its own streaming services, major streaming platforms, and social media. It is adding interactive livestreaming features, live chat, and in‑video purchasing, aiming to blur the line between watching and buying. Content is being tailored to each platform, with shorter vertical videos and creator‑led segments for social channels. Data and AI are being used to personalize recommendations and marketing, using decades of customer interaction data. Management’s growth plan focuses on deeper integration with social platforms, broader streaming distribution, and, potentially, future use of augmented and virtual reality to enrich the shopping experience. The opportunity is clear: modernize a proven video‑commerce model for a younger, digital audience. The risk is execution — the business must turn these innovations into sustainable, profitable growth fast enough to offset declines in its traditional channels.

Summary

QVC Group is in the middle of a difficult but necessary transformation. The legacy TV‑centric business is shrinking, revenues are down from earlier years, and profitability has been inconsistent, with recent losses and negative EBITDA. The balance sheet shows the scars of this period: a smaller asset base, meaningful debt, and negative equity. On the positive side, the company still generates cash from operations and has not been forced into heavy capital spending, which has preserved free cash flow in most years. Its brand, loyal customer base, exclusive products, and storytelling‑driven format remain valuable intangible assets. The strategic pivot toward digital, livestream, and social commerce is directionally aligned with where retail is heading, and QVC appears to be investing thoughtfully in technology, content, and partnerships. The key questions going forward are whether this innovation can stabilize sales, restore margins, and gradually repair the balance sheet in a highly competitive online environment. Overall, QVCGA combines real competitive strengths and a credible digital strategy with clear financial strain and execution risk. The next phase will likely be defined by how effectively it can convert its media and loyalty advantages into sustainable, profitable digital growth while managing leverage and volatility in earnings.

NEWS

November 17, 2025 · 4:59 PM UTC

QVC Group Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029

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November 17, 2025 · 11:29 AM UTC

QVC Celebrates the Season with Mrs. Claus' Holiday House Featuring Kathy Hilton

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November 5, 2025 · 7:30 AM UTC

QVC GROUP REPORTS THIRD QUARTER 2025 FINANCIAL RESULTS

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November 4, 2025 · 9:03 AM UTC

HSN Celebrates Country Music and Holiday Cheer from Nashville

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October 14, 2025 · 9:01 AM UTC

QVC Makes the Holiday Season Bright with Kathy Hilton as "Mrs. Claus"

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