QVC Group Inc. (QVCGA) Q2 2025 Earnings Call Transcript
Total Revenue Declined by 9% in constant currency year-over-year. Reasons include declining linear TV viewership, ongoing volatility in consumer confidence, and macroeconomic challenges.
QxH Revenue Declined by 11% year-over-year. Reasons include lower unit volume, less shipping and handling revenue, and pressure from reduced demand in categories like home and apparel.
QVC International Revenue Declined by 3% in constant currency year-over-year. Reasons include a 3% decrease in units shipped and a 2% decrease in average selling price, partially offset by a favorable returns rate.
Cornerstone Revenue Declined by 8% year-over-year. Reasons include soft demand for furniture and decor and challenges in the home sector.
Consolidated Adjusted OIBDA Declined by 19% in constant currency year-over-year. Reasons include top-line softness and macroeconomic challenges.
Social and Streaming Revenue Experienced over 30% growth year-over-year. Reasons include increased engagement on platforms like TikTok and streaming services, as well as strategic initiatives to expand content and distribution.
Customer Count (QxH) Declined by 12% year-over-year. Reasons include a 10% decrease in existing customers, a 21% decrease in new customers, and a 16% decrease in reactivated customers, driven by the decline in linear TV households.
Electronics Revenue Grew by 4% year-over-year. Reasons include increased demand in smart home, computers, audio, and gaming categories.
Apparel Revenue Decreased by 9% year-over-year. Reasons include reduced demand, although some core brands like Kim Gravel and Denim & Co. showed strength.
Beauty Revenue Decreased by 13% year-over-year. Reasons include overall reduced demand, though brands like bareMinerals, Elemis, and Tatcha performed well.
Accessories Revenue Declined by 15% year-over-year. Reasons include challenges in footwear and loungewear categories.
Home Revenue Decreased by 12% year-over-year. Reasons include reduced demand in culinary and pressure in Today's Special Value events.
Streaming Monthly Active Users Grew by over 80% year-over-year to nearly 1.5 million users. Reasons include expanded content and distribution, as well as successful initiatives like TikTok Shop Super Brand Day.
Net Debt Reduced by over $1.5 billion since the end of 2021. Reasons include efforts to strengthen the capital structure and reduce leverage.
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QVC Introduces New Beauty and Wellness Brands for 2026
- Brand Expansion: QVC announced the introduction of new beauty and wellness brands such as K18, Make Time Wellness, Karma, and Medicine Mama in 2026, reinforcing its market position in these key categories.
- Innovative Products: K18 makes its debut on QVC with a biomimetic science approach, offering exclusive deals and bundles aimed at providing consumers with effective hair care solutions that require fewer steps and deliver lasting value.
- Multi-Channel Promotion: QVC showcases its most sought-after beauty and wellness brands through digital and on-air programming, as well as the QVC+ streaming platform, enhancing the shopping experience with hands-on demos and expert tips.
- Global Reach: QVC connects with consumers in over 200 million homes worldwide through 13 TV channels and various digital platforms, showcasing its ever-changing collection of brands and products, thereby increasing brand influence and market share.
QVC Introduces New Beauty and Wellness Brands for 2026
- Brand Expansion: QVC announced the addition of several new beauty and wellness brands, including K18, Make Time Wellness, Karma, and Medicine Mama in 2026, further solidifying its market position in these categories.
- Innovative Products: K18 makes its debut on QVC with a biomimetic science-based approach, offering exclusive deals and bundles aimed at meeting consumer demand for efficient hair care solutions by simplifying the hair care process.
- Multi-Channel Promotion: QVC showcases its most sought-after beauty and wellness brands through digital and television programming, as well as the QVC+ streaming platform, providing practical demonstrations and expert tips to enhance the shopping experience for consumers.
- Global Reach: QVC reaches consumers in over 200 countries through 13 TV channels and various digital platforms, demonstrating its strong influence and brand recognition in the retail industry.
QVC Group Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029
Interest Payment Announcement: QVC Group, Inc. announced a semi-annual interest payment of $20.00 per $1,000 original principal amount of its 4.0% Senior Exchangeable Debentures, along with a Regular Additional Distribution of $0.5824 per Debenture, both payable on November 17, 2025.
Principal Adjustments: The principal amount of the Debentures is adjusted based on Extraordinary Additional Distributions, with the most recent adjustment stemming from a past merger transaction, but this does not affect the semi-annual interest payments, which remain at 4.0% of the original principal amount.
QVC Kicks Off the Holiday Season with Mrs. Claus' Holiday House Starring Kathy Hilton
QVC's Holiday Pop-Up: QVC is launching Mrs. Claus' Holiday House, a two-day pop-up event in New York City on November 19-20, featuring interactive experiences, celebrity guests, and exclusive holiday products.
Celebrity Involvement: Kathy Hilton, as QVC's Mrs. Claus, will host the event alongside other QVC personalities, offering festive inspiration and special-edition gifts to attendees.
Live Streaming Experience: For those unable to attend in person, QVC will broadcast a TikTok Shop Live Super Brand Day on November 19, showcasing celebrity appearances, exclusive deals, and behind-the-scenes content from the Holiday House.
Event Details: The Holiday House will be open to the public at Iron23 in New York City, with specific hours for each day, and aims to create a joyful and inspiring shopping experience for the holiday season.
QVC Group announces third-quarter financial results
Q3 Financial Performance: QVC Group reported a net loss of $80 million for Q3, with revenue declining by 5.6% year-over-year to $2.21 billion.
Future Outlook: The company anticipates that social and streaming revenue will approach double digits for QxH, while maintaining a focus on cost discipline and capital structure adjustments.
HSN Celebrates Country Music and Holiday Cheer from Nashville
All-Star Nashville Holiday Event: HSN is hosting a two-day holiday celebration featuring iconic artists like Dolly Parton, Trisha Yearwood, and Brad Paisley, airing live from Nashville on November 6-7, 2025.
Exclusive Product Launches: The event will showcase exclusive products, including Dolly Parton's collector's edition CD, Martina McBride's wine, and Trisha Yearwood's special album edition, along with limited-edition holiday items.
Live Performances and Promotions: Artists will perform live and promote their new holiday albums, with opportunities for customers to win concert tickets through HSN's social media channels.
HSN's Evolving Retail Strategy: HSN continues to innovate in the retail space by merging entertainment and commerce, reaching millions through various platforms and becoming a notable player in the holiday music industry.
QVC Introduces New Beauty and Wellness Brands for 2026
- Brand Expansion: QVC announced the introduction of new beauty and wellness brands such as K18, Make Time Wellness, Karma, and Medicine Mama in 2026, reinforcing its market position in these key categories.
- Innovative Products: K18 makes its debut on QVC with a biomimetic science approach, offering exclusive deals and bundles aimed at providing consumers with effective hair care solutions that require fewer steps and deliver lasting value.
- Multi-Channel Promotion: QVC showcases its most sought-after beauty and wellness brands through digital and on-air programming, as well as the QVC+ streaming platform, enhancing the shopping experience with hands-on demos and expert tips.
- Global Reach: QVC connects with consumers in over 200 million homes worldwide through 13 TV channels and various digital platforms, showcasing its ever-changing collection of brands and products, thereby increasing brand influence and market share.
QVC Introduces New Beauty and Wellness Brands for 2026
- Brand Expansion: QVC announced the addition of several new beauty and wellness brands, including K18, Make Time Wellness, Karma, and Medicine Mama in 2026, further solidifying its market position in these categories.
- Innovative Products: K18 makes its debut on QVC with a biomimetic science-based approach, offering exclusive deals and bundles aimed at meeting consumer demand for efficient hair care solutions by simplifying the hair care process.
- Multi-Channel Promotion: QVC showcases its most sought-after beauty and wellness brands through digital and television programming, as well as the QVC+ streaming platform, providing practical demonstrations and expert tips to enhance the shopping experience for consumers.
- Global Reach: QVC reaches consumers in over 200 countries through 13 TV channels and various digital platforms, demonstrating its strong influence and brand recognition in the retail industry.
QVC Group Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029
Interest Payment Announcement: QVC Group, Inc. announced a semi-annual interest payment of $20.00 per $1,000 original principal amount of its 4.0% Senior Exchangeable Debentures, along with a Regular Additional Distribution of $0.5824 per Debenture, both payable on November 17, 2025.
Principal Adjustments: The principal amount of the Debentures is adjusted based on Extraordinary Additional Distributions, with the most recent adjustment stemming from a past merger transaction, but this does not affect the semi-annual interest payments, which remain at 4.0% of the original principal amount.
QVC Kicks Off the Holiday Season with Mrs. Claus' Holiday House Starring Kathy Hilton
QVC's Holiday Pop-Up: QVC is launching Mrs. Claus' Holiday House, a two-day pop-up event in New York City on November 19-20, featuring interactive experiences, celebrity guests, and exclusive holiday products.
Celebrity Involvement: Kathy Hilton, as QVC's Mrs. Claus, will host the event alongside other QVC personalities, offering festive inspiration and special-edition gifts to attendees.
Live Streaming Experience: For those unable to attend in person, QVC will broadcast a TikTok Shop Live Super Brand Day on November 19, showcasing celebrity appearances, exclusive deals, and behind-the-scenes content from the Holiday House.
Event Details: The Holiday House will be open to the public at Iron23 in New York City, with specific hours for each day, and aims to create a joyful and inspiring shopping experience for the holiday season.
QVC Group announces third-quarter financial results
Q3 Financial Performance: QVC Group reported a net loss of $80 million for Q3, with revenue declining by 5.6% year-over-year to $2.21 billion.
Future Outlook: The company anticipates that social and streaming revenue will approach double digits for QxH, while maintaining a focus on cost discipline and capital structure adjustments.
HSN Celebrates Country Music and Holiday Cheer from Nashville
All-Star Nashville Holiday Event: HSN is hosting a two-day holiday celebration featuring iconic artists like Dolly Parton, Trisha Yearwood, and Brad Paisley, airing live from Nashville on November 6-7, 2025.
Exclusive Product Launches: The event will showcase exclusive products, including Dolly Parton's collector's edition CD, Martina McBride's wine, and Trisha Yearwood's special album edition, along with limited-edition holiday items.
Live Performances and Promotions: Artists will perform live and promote their new holiday albums, with opportunities for customers to win concert tickets through HSN's social media channels.
HSN's Evolving Retail Strategy: HSN continues to innovate in the retail space by merging entertainment and commerce, reaching millions through various platforms and becoming a notable player in the holiday music industry.
