Thu, Feb 27, 10:32 PM (59 days ago)
**QVC, Inc. (Ticker: QVC)** reported a **net revenue** of **$8,997 million** for the fiscal year ending December 31, 2024, a **4.8% decline** from the previous year. This drop was attributed to a **2.9% decrease in units shipped** and a **1.6% decline in average selling price**. The company incurred a **net loss of $1,069 million**, primarily due to **impairment losses** totaling **$1,480 million**, including goodwill and tradename impairments. **Adjusted OIBDA** increased slightly to **$1,098 million**. **Operating expenses** decreased by **6%** to **$693 million**, while **advertising expenses** rose to **$312 million**. The company continues to face challenges including **increased competition**, **economic uncertainty**, and **supply chain disruptions**. QVC’s **debt** totaled **$3,926 million**, with a leverage ratio exceeding **3.5**, restricting dividend payments to its parent, QVC Group. The firm is undergoing strategic changes, notably the **WIN strategy**, aiming to enhance customer engagement and operational efficiency. **Future outlook** remains cautious, with potential risks from economic conditions, regulatory changes, and shifts in consumer behavior impacting performance.