v3.25.2
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
Income Statement [Abstract]        
Revenues $ 1,984 $ 2,134 $ 3,889 $ 4,245
Operating costs and expenses:        
Cost of goods sold (exclusive of depreciation and amortization shown separately below) 1,281 1,374 2,552 2,747
Operating expense 154 167 308 337
Selling, general and administrative, including stock-based compensation 328 324 627 644
Depreciation and amortization 98 88 193 180
Goodwill and Intangible Asset Impairment 2,395 0 2,395 0
Restructuring Costs 0 18 57 18
Gain on sale leaseback transaction 0 0 0 (1)
Operating expenses 4,256 1,971 6,132 3,925
Operating income (loss) (2,272) 163 (2,243) 320
Other income (expense):        
Interest expense, net (63) (67) (123) (129)
Foreign currency gain (loss) (9) 1 (13) 0
Nonoperating Income (Expense) (72) (66) (136) (129)
Earnings (loss) before income taxes (2,344) 97 (2,379) 191
Income tax (expense) benefit 190 (31) 192 (63)
Net earnings (loss) (2,154) 66 (2,187) 128
Less net (earnings) loss attributable to the noncontrolling interest (11) (13) (20) (24)
Net earnings (loss) attributable to QVC, Inc. shareholder $ (2,165) $ 53 $ (2,207) $ 104