v3.25.2

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Revenue:
Total revenue, net	$ 2,236	$ 2,407	$ 4,341	$ 4,749
Type of revenue	us-gaap:RetailMember	us-gaap:RetailMember	us-gaap:RetailMember	us-gaap:RetailMember
Operating costs and expenses:
Cost of goods sold (exclusive of depreciation and amortization shown separately below)	$ 1,422	$ 1,532	$ 2,808	$ 3,043
Type of cost of retail sales	us-gaap:RetailMember	us-gaap:RetailMember	us-gaap:RetailMember	us-gaap:RetailMember
Operating expense	$ 164	$ 178	$ 327	$ 358
Selling, general and administrative, including stock-based compensation (note 2)	422	418	805	826
Depreciation and amortization	105	96	207	195
Impairment of goodwill and intangible assets (note 5)	2,395		2,395
Restructuring costs (note 9)		18	57	18
Gain on sale leaseback transaction				(1)
Total operating costs and expenses	4,508	2,242	6,599	4,439
Operating income (loss)	(2,272)	165	(2,258)	310
Other income (expense):
Interest expense	(117)	(119)	(229)	(236)
Realized and unrealized gains (losses) on financial instruments, net (note 4)	(21)	(10)	(36)	(17)
Other, net	(1)	11	9	21
Total other income (expense)	(139)	(118)	(256)	(232)
Earnings (loss) before income taxes	(2,411)	47	(2,514)	78
Income tax (expense) benefit	202	(15)	214	(38)
Net earnings (loss)	(2,209)	32	(2,300)	40
Less net earnings (loss) attributable to the noncontrolling interests	13	12	22	21
Net earnings (loss) attributable to QVC Group, Inc. shareholders	$ (2,222)	$ 20	$ (2,322)	$ 19
Basic net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (note 3):	$ (275.46)	$ 2.57	$ (289.11)	$ 2.38
Diluted net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (note 3):	$ (275.46)	$ 2.57	$ (289.11)	$ 2.38

Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense and depreciation.

+ References

No definition available.

QVC Group, Inc. 10-Q