QVCGNasdaqRetail-Catalog & Mail-Order HousesUS GAAP · USD

QVC Inc

QVC Group, Inc. is a U.S.-based video commerce and online retail company built around the QVC and HSN shopping brands, plus Cornerstone Brands. It sells consumer products through televised shopping programs, websites, mobile apps, streaming platforms, and social media across the United States and selected international markets.

Kysy yhtiöstä
Liikevaihto8 293milj. USD
−7,8 %v/v
Liikevoitto (EBIT)−2 017milj. USD
−161,9 %v/v
EBIT-marginaali−24,3%
−15,8 %-yks.v/v
Nettotulos−2 168milj. USD
−102,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−5051015mrd USD2020: 11,5 mrd USD2020: EBIT 1,6 mrd USD20202021: 11,4 mrd USD2021: EBIT 1,5 mrd USD20212022: 9,9 mrd USD2022: EBIT −1,4 mrd USD20222023: 9,4 mrd USD2023: EBIT 0,65 mrd USD20232024: 9,0 mrd USD2024: EBIT −0,77 mrd USD20242025: 8,3 mrd USD2025: EBIT −2,0 mrd USD20258,3−2,0
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: QVC Inc

Liiketoiminta

Osuus liikevaihdosta
QxH video commerce64 %

U.S. QVC and HSN merchandise sold through televised and digital shopping channels.

QVC International26 %

Video commerce and online retail operations serving markets outside the U.S.

Cornerstone Brands10 %

A portfolio of aspirational home and apparel brands sold through direct-to-consumer channels.

Tuotteet

Raportoitu · osuus liikevaihdosta
40,3%18,3%17,2%11,0%FY2025100 %
  • Home40,3 %
  • Apparel18,3 %
  • Beauty17,2 %
  • Accessories11,0 %
  • Electronics6,1 %
  • Muut7,0 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

QVC Group serves consumers who shop through live or recorded product demonstrations and prefer a guided, entertainment-driven buying experience. Its customer base includes U.S. households, international viewers in markets such as Germany, Japan, the U.K. and Italy, and shoppers drawn to home and apparel brands under Cornerstone Brands.

U.S. QVC and HSN shoppers

Buy a broad range of consumer products through televised shopping and QVC.com/HSN.com because the format combines product demos, convenience and direct ordering.

International video commerce customers

Purchase locally tailored merchandise through QVC's international channels and websites in markets such as Germany, Japan, the U.K. and Italy.

Cornerstone Brands customers

Buy aspirational home and apparel products from direct-to-consumer brands within the CBI portfolio.

Digital-first social commerce shoppers

Engage through streaming, social media and mobile apps for shopping content and purchases across devices.

Strategia

QVC Group's strategy centers on expanding its shopping model across television, streaming, mobile and social platforms while keeping the product presentation format central to the brand. The company is also reorganizing operations and integrating support functions to align QVC, HSN and international businesses around a more unified live social shopping model.

Broaden customer reach across digital and video platformsLyhyt aikaväli

The business depends on engaging shoppers wherever they consume content, not only on cable television.

Strengthen live social shopping capabilitiesKeskipitkä aikaväli

Interactive content and product demonstrations are the core differentiators of the model.

Improve operating efficiency and organizational alignmentLyhyt aikaväli

A simpler operating structure supports content production, merchandising and execution across brands.

Maantiede

QVC Group generates most of its business in the United States, where QVC and HSN operate nationally across television and digital platforms. Internationally, the company focuses on Germany, Japan, the U.K. and Italy, with local product sourcing and market-specific programming that shape assortment and customer engagement.

Riskit

QVC Group faces material refinancing and leverage risk because a large debt maturity is approaching and the company has disclosed substantial doubt about its ability to continue as a going concern. The business is also exposed to consumer demand swings, foreign exchange volatility, import and consumer-protection regulation, and impairment risk tied to brand and goodwill valuations.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Going concern and refinancing risk1High indebtedness2Foreign exchange volatility4Regulatory and product-liability exposure5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Going concern and refinancing riskVaikutus: KriittinenTodennäköisyys: Korkea

    A scheduled credit facility maturity and leverage covenant pressure could force refinancing or restructuring.

    Kohdistuu: Credit Facility maturity in October 2026

  2. High indebtednessVaikutus: KorkeaTodennäköisyys: Korkea

    Large secured debt balances reduce financial flexibility and increase sensitivity to operating weakness.

    Kohdistuu: QVC subsidiary debt and lease liabilities

  3. Consumer demand and channel mix riskVaikutus: Korkea

    The model depends on discretionary purchases through media-driven shopping channels.

    Kohdistuu: QxH and QVC International

  4. Foreign exchange volatilityVaikutus: KeskitasoTodennäköisyys: Korkea

    International operations generate revenue and costs in multiple currencies.

    KohdistuuGermanyJapanU.KItaly
  5. Regulatory and product-liability exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Retail, e-commerce, privacy, import and consumer-protection rules vary by jurisdiction.

    Kohdistuu: U.S. and foreign markets

Kysy Clarifolta: QVC Inc

Kirjanpito

Harkinnanvaraiset erät
Goodwill impairment

Management recorded large impairment charges for the QxH reporting unit when fair value declined.

Vaikutus: Can materially reduce net income and book equity

Tradename impairment

QVC and HSN tradenames are valued using relief-from-royalty assumptions that are sensitive to forecasts.

Vaikutus: Affects intangible asset carrying value and earnings

Retail-related allowances

Estimates for returns, markdowns and other retail adjustments affect revenue and inventory values.

Vaikutus: Can change gross margin and working capital

Depreciation and software lives

Studio, campus and technology asset lives determine timing of expense recognition.

Vaikutus: Affects operating income and asset carrying values

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026

QVC Inc (QVCG) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo