Filing Flows › QVC Group (QVCG) › Q4 2024
QVC Group (QVCG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
QVC Group (QVCG) reported revenue of $2.7B for the fourth quarter 2024 (Q4 2024), -6% from a year earlier and +27% from the quarter before. Operating margin was -47.1%, net loss $1.2B (45.6% of revenue).
QVC Group, Q4 2024: revenue $2.7B (-6% year over year), operating margin -47.1%, net loss $1.2B, operating cash flow $189M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +27% | -6% |
| Operating profit | −$1.3B | — | — |
| Net earnings | −$1.2B | — | — |
| Operating cash flow | $189M | +93% | -43% |
| Free cash flow | $134M | — | -49% |
What changed
Revenue was $2.7B in Q4 2024, down 6% year over year and up 27% from the previous quarter. Home was the largest line at 42% of revenue.
Gross margin was 32.6%. Operating costs exceeded revenue by $1.3B, an operating margin of -47.1%. The quarter ended with a net loss of $1.2B, after a profit of $0.06B the previous quarter.
Operating cash flow was $0.19B (down 43% year over year). Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $1.3B. Capital expenditures of $0.06B left free cash flow of $0.13B.
Questions
What was QVC Group's revenue in the fourth quarter 2024?
QVC Group (QVCG) reported revenue of $2.7B for the fourth quarter 2024 (Q4 2024), -6% from a year earlier and +27% from the quarter before.
Was QVC Group profitable in the fourth quarter 2024?
Operating loss was $1.3B (-47.1% of revenue) and net loss $1.2B.
Source: QVC Group 10-K on SEC EDGAR.