Overview

* QVC Group ( QVCGA ) Q2 revenue decreases 7% in USD, 9% in constant currency

* Operating loss of $2.3 bln due to $2.4 bln impairment charge

* QVC International revenue up 3% in USD, down 3% in constant currency

Outlook

* Company diversifying sourcing to mitigate tariff uncertainty

* Company expanding social and streaming business revenue

* Company notes continued decline of linear television and volatile consumer confidence

Result Drivers

* QxH REVENUE DECLINE - Driven by a 13% decrease in units shipped and lower shipping and handling revenue, partially offset by a 1% increase in average selling price

* IMPAIRMENT CHARGE - Operating loss primarily due to a $2.4 bln non-cash impairment charge related to goodwill and tradenames

* FULFILLMENT COSTS - Higher freight rates and labor costs led to increased fulfillment pressure, affecting adjusted OIBDA margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $2.24

Revenue bln

Q2 $232 mln

Adjusted

OIBDA

Q2 -$2.27

Operatin bln

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)