QVC GROUP REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS
Financial Performance: QVC Group reported a 7% decrease in total revenue for the second quarter of 2025, with significant operating losses attributed to a $2.4 billion non-cash impairment charge related to goodwill and tradenames. Adjusted OIBDA also fell by 18%, reflecting challenges in the linear television market and consumer confidence.
Strategic Developments: Despite declining revenues, QVC Group is making progress with its WIN strategy, focusing on growing social and streaming business revenues, diversifying sourcing to mitigate tariff risks, and transitioning HSN operations to a new campus, aiming for long-term growth in live shopping.
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- 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.
- 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.

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'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.
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.
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.








