Old QVC Group, Inc. Income Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements Of Operations

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Total revenue, net
Operating costs and expenses:
Cost of goods sold (exclusive of depreciation and amortization shown separately below)
Operating expense
Selling, general and administrative, including stock-based compensation
Fire related costs, net (note 14)
Gain on sale leaseback transactions
Depreciation and amortization
Impairment of intangible assets (note 5)
Impairment of goodwill (note 5)
Gains on sales of assets and sale leaseback transactions
Restructuring, penalties and fire related costs, net of (recoveries) (note 14)
Total operating costs and expenses

Operating income (loss)
Other income (expense):
Share of earnings (losses) of affiliates, net
Interest expense
Interest and dividend income
Realized and unrealized gains (losses) on financial instruments, net (note 4)
Gains (losses) on transactions, net
Loss on disposition of Zulily, net (note 1)
Tax sharing income (expense) with Liberty Broadband
Other, net
Total other income (expense)

Earnings (loss) before income taxes
Income tax (expense) benefit (note 8)
Net earnings (loss)
Less net earnings (loss) attributable to the noncontrolling interests
Net earnings (loss) attributable to QVC Group, Inc. shareholders
Basic net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (in dollars per share)
Diluted net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (in dollars per share)

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