Filing Flows › QVC Group (QVCG) › Q1 2025
QVC Group (QVCG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
QVC Group (QVCG) reported revenue of $1.9B for the first quarter 2025 (Q1 2025), -10% from a year earlier and -28% from the quarter before. Operating margin was 1.5%, net loss $33.0M (1.7% of revenue).
QVC Group, Q1 2025: revenue $1.9B (-10% year over year), operating margin 1.5%, net loss $33.0M, operating cash flow $46.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -28% | -10% |
| Operating profit | $29.0M | — | — |
| Net earnings | −$33.0M | — | — |
| Operating cash flow | $46.0M | -76% | -45% |
| Free cash flow | $16.0M | — | -69% |
What changed
Revenue was $1.9B in Q1 2025, down 10% year over year and down 28% from the previous quarter. Home was the largest line at 40% of revenue. Home lost $0.07B year over year (down 8%), 32% of the total change.
Gross margin was 33.3%, down 1.7 points from a year earlier. Operating profit was $0.03B, a 1.5% margin (down 5.9 points year over year). Operating expenses grew 4% against a revenue fall of 10%. The quarter ended with a net loss of $0.03B, narrower than the previous quarter's $1.2B loss. Net interest and other expense of $0.06B was the main reason.
Operating cash flow was $0.05B (down 45% year over year). Non-cash charges added back $0.10B of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.03B left free cash flow of $0.02B.
Questions
What was QVC Group's revenue in the first quarter 2025?
QVC Group (QVCG) reported revenue of $1.9B for the first quarter 2025 (Q1 2025), -10% from a year earlier and -28% from the quarter before.
Was QVC Group profitable in the first quarter 2025?
Operating profit was $29.0M (1.5% of revenue) and net loss $33.0M.
Source: QVC Group 10-Q on SEC EDGAR.