Quarterly report [Sections 13 or 15(d)]

Information About QVC Group's Operating Segments (Tables)

v3.25.1
Information About QVC Group's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2025
Information About QVC Group's Operating Segments  
Schedule of disaggregation of revenue

Three months ended

March 31, 2025

QxH

QVC Int'l

CBI

Corp and other

Total

in millions

Home

$

538

223

160

921

Apparel

258

99

40

397

Beauty

211

120

331

Accessories

173

46

219

Electronics

89

15

104

Jewelry

63

33

96

Other revenue

36

1

37

Total Revenue

$

1,368

537

200

2,105

Three months ended

March 31, 2024

QxH

QVC Int'l

CBI

Corp and other

Total

in millions

Home

$

589

237

189

1,015

Apparel

282

108

42

432

Beauty

239

129

368

Accessories

201

48

249

Electronics

108

15

123

Jewelry

80

33

113

Other revenue

40

2

42

Total Revenue

$

1,539

572

231

2,342

Schedule of performance measures

Three months ended March 31, 2025

QxH

QVC Int'l

CBI

Corporate and other

Total

amounts in millions

Net Revenue

$

1,368

537

200

2,105

Cost of goods sold (excluding depreciation and amortization)

923

348

115

1,386

Gross profit

445

189

85

719

Operating expense

 

111

43

9

163

Advertising expense

55

8

39

102

Selling, general and administrative expense (excluding stock-based compensation and advertising)

157

75

41

4

277

Adjusted OIBDA

$

122

63

(4)

(4)

177

Three months ended March 31, 2024

QxH

QVC Int'l

CBI

Corporate and other

Total

amounts in millions

Net Revenue

$

1,539

572

231

2,342

Cost of goods sold (excluding depreciation and amortization)

1,007

366

138

1,511

Gross profit

532

206

93

831

Operating expense

 

125

45

10

180

Advertising expense

53

7

43

103

Selling, general and administrative expense (excluding stock-based compensation and advertising)

169

79

34

7

289

Adjusted OIBDA

$

185

75

6

(7)

259

Schedule of other information by segment

March 31, 2025

 

Total assets

Capital expenditures

 

amounts in millions

 

QxH

$

6,149

 

25

QVC International

1,784

5

CBI

544

4

Corporate and other

 

504

 

Consolidated QVC Group

$

8,981

 

34

Schedule of reconciliation of adjusted OIBDA to operating income and earnings (loss) from continuing operations before income taxes

Three months ended

 

March 31,

 

    

2025

    

2024

 

amounts in millions

 

Adjusted OIBDA

$

177

 

259

Stock-based compensation

 

(4)

 

(16)

Depreciation and amortization

 

(102)

 

(99)

Restructuring costs

(57)

Gain on sale leaseback transaction

1

Operating income (loss)

$

14

145

Interest expense

 

(112)

 

(117)

Interest and dividend income

8

12

Realized and unrealized gains (losses) on financial instruments, net

 

(15)

 

(7)

Other, net

 

2

 

(2)

Earnings (loss) before income taxes

$

(103)

 

31