Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.25.3
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenues $ 1,982 $ 2,092 $ 5,871 $ 6,337
Operating costs and expenses:        
Cost of goods sold (exclusive of depreciation and amortization shown separately below) 1,317 1,366 3,869 4,113
Operating expense 152 165 460 502
Selling, general and administrative, including stock-based compensation 326 310 953 954
Depreciation and amortization 97 87 290 267
Goodwill and Intangible Asset Impairment 0 0 2,395 0
Restructuring Costs (1) 0 56 18
Gain on sale leaseback transaction 0 0 0 (1)
Operating expenses 1,891 1,928 8,023 5,853
Operating income (loss) 91 164 (2,152) 484
Other income (expense):        
Interest expense, net (66) (62) (189) (191)
Foreign currency gain (loss) 1 (6) (12) (6)
Other Income 0 (7) 0 (7)
Nonoperating Income (Expense) (65) (75) (201) (204)
Earnings (loss) before income taxes 26 89 (2,353) 280
Income tax (expense) benefit (15) (27) 177 (90)
Net earnings (loss) 11 62 (2,176) 190
Less net (earnings) loss attributable to the noncontrolling interest (9) (11) (29) (35)
Net earnings (loss) attributable to QVC, Inc. shareholder $ 2 $ 51 $ (2,205) $ 155