Filing Flows › QVC Group (QVCG) › Q2 2025
QVC Group (QVCG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
QVC Group (QVCG) reported revenue of $2.0B for the second quarter 2025 (Q2 2025), -7% from a year earlier and +4% from the quarter before. Operating margin was -114.5%, net loss $2.2B (108.6% of revenue).
QVC Group, Q2 2025: revenue $2.0B (-7% year over year), operating margin -114.5%, net loss $2.2B, operating cash flow $52.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +4% | -7% |
| Operating profit | −$2.3B | -7934% | — |
| Net earnings | −$2.2B | — | — |
| Operating cash flow | $52.0M | +13% | -68% |
| Free cash flow | $19.0M | +19% | -83% |
What changed
Revenue was $2.0B in Q2 2025, down 7% year over year and up 4% from the previous quarter. Home was the largest line at 38% of revenue. Home lost $0.06B year over year (down 7%), 38% of the total change.
Gross margin was 35.4%, down 0.2 points from a year earlier. Operating costs exceeded revenue by $2.3B, an operating margin of -114.5%. Operating expenses grew 398% against a revenue fall of 7%. The quarter ended with a net loss of $2.2B, wider than the previous quarter's $0.03B loss.
Operating cash flow was $0.05B (down 68% 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 added $2.1B. Capital expenditures of $0.03B left free cash flow of $0.02B.
Questions
What was QVC Group's revenue in the second quarter 2025?
QVC Group (QVCG) reported revenue of $2.0B for the second quarter 2025 (Q2 2025), -7% from a year earlier and +4% from the quarter before.
Was QVC Group profitable in the second quarter 2025?
Operating loss was $2.3B (-114.5% of revenue) and net loss $2.2B.
Source: QVC Group 10-Q on SEC EDGAR.