v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Total revenue, net $ 1,998 $ 2,236 $ 3,955 $ 4,341
Operating costs and expenses:        
Cost of goods sold (excluding depreciation and amortization shown separately below) 1,293 1,422 2,581 2,808
Operating expense 145 164 291 327
Selling, general and administrative, including stock-based compensation and pre-petition charges 430 422 868 805
Depreciation and amortization 79 105 159 207
(Gain) loss on sale of assets 0 0 (10) 0
Impairment of intangible assets (note 6) 0 930 0 930
Impairments of goodwill 0 1,465 0 1,465
Restructuring (benefits) costs (note 9) 0 0 0 57
Total operating expenses 1,947 4,508 3,889 6,599
Operating income (loss) 51 (2,272) 66 (2,258)
Other income (expense):        
Reorganization Items (49) 0 (49) 0
Interest expense (26) (117) (158) (229)
Interest and dividend income 12 7 24 15
Realized and unrealized gains (losses) on financial instruments, net (note 5) 8 (21) 87 (36)
Other, net 0 (8) 1 (6)
Total other income (expense) (55) (139) (95) (256)
Earnings (loss) before income taxes (4) (2,411) (29) (2,514)
Income tax (expense) benefit (26) 202 (41) 214
Net earnings (loss) (30) (2,209) (70) (2,300)
Less net earnings (loss) attributable to the noncontrolling interests 10 13 17 22
Net earnings (loss) attributable to QVC Group, Inc. shareholders $ (40) $ (2,222) $ (87) $ (2,322)
Basic net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (in dollars per share) $ (4.93) $ (275.46) $ (10.71) $ (289.11)
Diluted net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (in dollars per share) $ (4.93) $ (275.46) $ (10.71) $ (289.11)
Impairment of intangible assets (note 6) $ 0 $ 930 $ 0 $ 930