Exhibit 99.1 QVC GROUP REPORTS THIRD QUARTER 2025 FINANCIAL RESULTS West Chester, Pennsylvania, November 5, 2025 – QVC Group, Inc. ("QVC Group") (Nasdaq: QVCGA, QVCGP; OTCQB: QVCGB) today reported third quarter 2025 results . (1) "We are early in our WIN growth plan but continue to make progress. We reduced the year-over-year rate of revenue decline in our QxH segment despite the decline in linear television viewership, driven by revenue growth in our social and streaming platforms." said David Rawlinson, P ...

Financial Performance - Consolidated QVC Group revenue decreased by 5.6% or $131 million for the three months ended September 30, 2025, and by 7.6% or $540 million for the nine months ended September 30, 2025, compared to the prior year [156]. - Operating income decreased by $92 million for the three months and by $2,662 million for the nine months ended September 30, 2025, compared to the corresponding periods in the prior year [159]. - Adjusted OIBDA decreased by 32.4% or $81 million for the three months and by 27.2% or $215 million for the nine months ended September 30, 2025, compared to the prior year [163]. - The Company recorded net losses of $73 million for the three months and $2,373 million for the nine months ended September 30, 2025, compared to net losses of $15 million and net earnings of $25 million in the prior year [173]. - QVC's consolidated net revenue decreased by $110 million or 5.3% for the three months ended September 30, 2025, and by $466 million or 7.4% for the nine months ended September 30, 2025, compared to the prior year [195]. - QVC's adjusted OIBDA for the nine months ended September 30, 2025, was $603 million, down from $783 million in the same period of 2024 [195]. - QVC's cash flow from operating activities for the nine months ended September 30, 2025, was $30 million, a decrease from $313 million in 2024 [185]. - CBI's consolidated net revenue decreased by 8.4% and 9.8% for the three and nine months ended September 30, 2025, respectively, driven by a 14.5% decrease in units shipped for the three months [209]. Cost and Expenses - QVC's cost of goods sold as a percentage of net revenue increased to 66.4% and 65.9% for the three and nine months ended September 30, 2025, respectively, compared to 65.3% and 64.9% for the same periods in 2024 [200]. - Operating expenses were 7.7% and 7.8% of net revenue for the three and nine months ended September 30, 2025, a decrease from 7.9% for both periods in 2024 [201]. - Advertising expenses rose by $17 million or 24.3% for the three months and $26 million or 12.9% for the nine months ended September 30, 2025, primarily due to marketing investments on social and streaming platforms [202]. - CBI's cost of goods sold as a percentage of net revenue was 62.5% for the three months ended September 30, 2025, up from 59.9% in 2024, attributed to higher inbound logistics costs [211]. - CBI's SG&A expenses (excluding stock-based compensation) increased from 33.7% to 34.2% as a percentage of net revenue for the three months ended September 30, 2025 [213]. Strategic Initiatives - QVC Group's WIN strategy aims for top-line growth through three priorities: enhancing customer interactions, creating engaging content, and leveraging technology for operational efficiency [142]. - The transition of general and administrative services from Liberty Media Corporation to QVC Group was substantially completed by the third quarter of 2025 [135]. - The company implemented a reverse stock split at a ratio of 1-for-50, effective May 22, 2025, with no change to the number of shares authorized [136]. - QVC anticipates challenges in maintaining favorable channel positioning due to changes in television viewing habits and competition from digital services [147]. Financial Position and Liquidity - QVC's liquidity position included $1,817 million in cash and cash equivalents as of September 30, 2025 [182]. - Cash and cash equivalents are primarily invested in U.S. Treasury securities and other highly rated financial instruments as of September 30, 2025 [174]. - The Company is able to pay dividends or make restricted payments under certain conditions related to its consolidated leverage ratio [175]. - As of September 30, 2025, QVC's consolidated leverage ratio was greater than 3.5 to 1.0, restricting its ability to make dividends or other restricted payments under senior secured notes [176]. Impairments and Restructuring - QVC recorded $36 million and $20 million of restructuring costs during the nine months ended September 30, 2025, as part of its reorganization efforts [143]. - Goodwill and tradename impairments related to the QxH reporting unit may require additional carrying value adjustments if future outlook declines in revenue or cash flows occur [152]. - QVC recorded impairment of goodwill and intangible assets totaling $2,395 million for the nine months ended September 30, 2025, including $930 million for tradenames and $1,465 million for QxH reporting unit goodwill [205]. Debt and Interest - Interest expense increased by $17 million for the three months and by $10 million for the nine months ended September 30, 2025, primarily due to higher outstanding debt [167]. - QVC's debt credit ratings were downgraded by Fitch, S&P, and Moody's during the nine months ended September 30, 2025, indicating increased financial risk [177][178][179]. Stock and Compensation - The company has guaranteed cash payments to eligible employees, including 50% of target variable compensation for 2025 and 100% for 2026 for senior executives [149]. - QVC's stock began trading on a split-adjusted basis on May 23, 2025, following the reverse stock split [140]. - QVC's stock-based compensation expense was $6 million and $14 million for the three and nine months ended September 30, 2025, compared to $1 million and $15 million for the same periods in 2024 [207]. - The Company recorded $7 million of stock-based compensation for the three months ended September 30, 2025, compared to $3 million in the prior year [158]. Future Outlook - Future net revenue will depend on QVC's ability to grow through digital platforms and retain existing customers amid economic uncertainties and inflationary pressures [147][148]. - QVC's revenue is significantly impacted by discretionary spending, which may decline during economic instability, affecting overall sales [148]. - The company expects to continue generating positive cash flow from operations during 2025 [184]. - QVC's reported Adjusted OIBDA would have been impacted by $1 million and $2 million for the three and nine months ended September 30, 2025, respectively, for every 1% change in foreign currency exchange rates relative to the U.S. Dollar [218].

Exhibit 99.1 "We continue to operate in a challenging environment marked by the continued decline of linear television, volatile consumer confidence and uncertainty in international trade. Despite a declining top line, we delivered double-digit Adjusted OIBDA margin and we've made significant progress with our WIN strategy, growing our social and streaming business revenue such that it is now approaching double- digits as a percentage of total QxH revenue, diversified our sourcing to mitigate tariff uncerta ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33982 QVC GROUP, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdicti ...

● QVC Group revenue decreased 10% in both US Dollars and constant currency (3) ● Generated operating income of $14 million ● Adjusted OIBDA(4) decreased 32% in US Dollars and decreased 31% in constant currency ● QxH revenue decreased 11% ● QVC International revenue decreased 6% in US Dollars and decreased 4% in constant currency ● Cornerstone revenue decreased 13% Discussion of Results Unless otherwise noted, the following discussion compares financial information for the three months ended March 31, 2025 t ...

Financial Performance - Consolidated QVC Group revenue decreased by 10.1% or $237 million for the three months ended March 31, 2025, compared to the same period in 2024, with declines in all segments [131]. - Operating income decreased by $131 million for the three months ended March 31, 2025, with a $94 million decrease at QxH and a $34 million decrease at QVC International [134]. - Adjusted OIBDA for the consolidated QVC Group was $177 million for the three months ended March 31, 2025, down from $259 million in the same period in 2024 [131]. - Consolidated Adjusted OIBDA decreased by 31.7% or $82 million for the three months ended March 31, 2025, compared to the same period in 2024, primarily due to decreases in Adjusted OIBDA at QxH, QVC International, and CBI [138]. - Operating income for the three months ended March 31, 2025, was $14 million, down from $145 million in the same period in 2024 [138]. - Net losses for the three months ended March 31, 2025, were $91 million, compared to net earnings of $8 million for the same period in 2024 [145]. - QVC's consolidated net revenue decreased by $206 million or 9.8% to $1,905 million for the three months ended March 31, 2025, compared to $2,111 million in the prior year [161]. - QxH's net revenue declined by $171 million or 11.1%, attributed to a 9.6% decrease in units shipped and a 1.8% decrease in average selling price (ASP) [164]. - QVC International's net revenue decreased by $21 million in constant currency, driven by a 3.8% decrease in aggregate units shipped [165]. - CBI's consolidated net revenue decreased by 13.4% to $200 million, driven by a 16.6% decrease in units shipped [174]. Cost and Expenses - QVC's cost of goods sold as a percentage of net revenue increased to 66.7% for the three months ended March 31, 2025, compared to 65.0% in the prior year [166]. - Operating expenses remained stable at 8.1% of net revenue for both periods [167]. - Advertising expenses increased by $3 million or 5% to $63 million, primarily due to investments in social and streaming platforms [168]. - Selling, general and administrative expenses decreased by $16 million, driven by a $13 million reduction in personnel costs [169]. - Restructuring costs totaled $57 million for the three months ended March 31, 2025, as part of the company's WIN strategy [170]. - Stock-based compensation decreased to $4 million for the three months ended March 31, 2025, compared to $16 million in the same period in 2024 [133]. - QVC's stock-based compensation expense decreased to $4 million from $12 million in the prior year, reflecting changes in performance objectives [171]. Strategic Initiatives - QVC Group announced the WIN strategy on November 14, 2024, focusing on enhancing customer interactions, creating engaging content, and leveraging technology for operational efficiency [120]. - The company plans to reorganize teams across the company to support the WIN strategy, resulting in $36 million and $21 million of restructuring costs at QxH and QVC International, respectively [123]. - The company recorded $14 million in incremental depreciation due to the planned closure of the St. Petersburg, FL campus as part of its consolidation strategy [123]. Cash Flow and Financial Position - Cash and cash equivalents as of March 31, 2025, totaled $833 million, with QVC holding $295 million, CBI $91 million, and Corporate $447 million [151]. - Interest expense decreased by $5 million to $112 million for the three months ended March 31, 2025, due to lower outstanding debt [140]. - Net cash used by operating activities was $(60) million for the three months ended March 31, 2025, compared to $26 million in the same period in 2024 [153]. - Projected capital improvement spending for the remainder of 2025 is estimated to be between $140 million and $165 million [155]. - QVC's consolidated leverage ratio as of March 31, 2025, was greater than 3.5 to 1.0, restricting its ability to make dividends or other restricted payments under senior secured notes [150]. - The company expects to generate positive cash flow from operations during 2025 [152]. Market Conditions - QVC Group expects to face inflationary pressures, including higher wages and merchandise costs, which may lead to increased prices for consumers [127]. - Future net revenue will depend on QVC's ability to grow through digital platforms and retain existing customers amid economic uncertainties [125]. - QVC's international operations include televised shopping programs distributed in Germany, Japan, the U.K., and Italy, with tailored product sourcing for local markets [159].

Core Insights - Slatkin + Co. continues its partnership with Elton John to launch a new fragrance collection for Spring, following a successful holiday collection that sold out quickly [1][5] - The new collection features various products including an 8oz Reed Wicker Candle Set, 14.5oz candles, and 4oz Reed Diffusers, all inspired by the scents of Elton John's Woodside estate [2][3] Company Overview - Slatkin + Co. is a premier home fragrance company founded in 1992 by Harry Slatkin, recognized for creating a multi-billion-dollar global industry in home fragrances [7] - The company designs and manufactures scented candles, diffusers, and bath and body care products, with a portfolio that includes brands like HomeWorx and ScentWorx [7] Product Details - The new fragrance collection includes scents such as Spring Rain, Ginger Mango, Ivy's Rose Garden, and more, each reflecting the vibrancy of spring and the beauty of Elton's estate [4][5] - Each scent is designed to evoke emotions and transform spaces, showcasing a blend of floral elegance and fresh fragrances [6][5] Retail Partnership - The collection will be exclusively available on QVC, which is a leader in video commerce and reaches over 200 million homes worldwide [8] - QVC's partnership with Slatkin + Co. and Elton John aims to present a unique glimpse into the artistry of fragrance and design [6]

Revenue Performance - QVC Group's revenue decreased by 6% in Q4 2024 and 5% for the full year, totaling $2.944 billion in Q4 and $10.037 billion for the year[2][4][8]. - QxH revenue declined by 8% in Q4 and 6% for the full year, with lower units shipped contributing to the decrease[2][12]. - QVC International revenue was flat in Q4 and decreased by 2% for the full year, with constant currency results showing no change[2][15]. - Cornerstone revenue decreased by 7% in Q4 and 11% for the full year, reflecting challenges in the home sector[2][18]. - eCommerce revenue for QxH decreased by 6% to $1,314 million in Q4 2024 compared to $1,392 million in Q4 2023[20]. - eCommerce revenue for QVC International increased by 2% to $366 million in Q4 2024, compared to $359 million in Q4 2023[20]. - QVC Group reported a total revenue of $10,037 million for the year ended December 31, 2024, a decrease of 8.0% from $10,915 million in 2023[52]. Operating Performance - The company reported an operating loss of $1.3 billion in Q4 and $809 million for the full year, primarily due to a $1.5 billion non-cash impairment charge related to goodwill and tradenames[2][6][13]. - Adjusted OIBDA decreased by 8% in Q4 and 1% for the full year, amounting to $312 million in Q4 and $1.103 billion for the year[2][4][8]. - QxH reported an operating income margin of (68.3)% in Q4 2024, a significant decline from (8.9)% in Q4 2023[20]. - For the full year 2024, QxH's operating income margin was (15.8)%, down from 3.9% in 2023[23]. - The operating income for QVC Group was a loss of $809 million in 2024, compared to a profit of $590 million in 2023[52]. Financial Position - The company reduced its principal amount of debt by $442 million in 2024, strengthening its balance sheet[2]. - QVC Group's total debt decreased by $86 million in Q4 2024, primarily due to net debt repayment under its bank credit facility[32]. - QVC's leverage ratio was 3.1x at the end of Q4 2024, indicating stable financial leverage[33]. - Long-term debt decreased to $4,101 million in 2024 from $4,698 million in 2023, a reduction of 12.7%[50]. - QVC Group's cash and cash equivalents decreased to $905 million as of December 31, 2024, down from $1,121 million in 2023[50]. - Total current assets fell to $3,299 million in 2024, compared to $3,682 million in 2023, reflecting a decline of 10.4%[50]. Impairment and Charges - The company incurred a non-cash impairment charge of $1.5 billion related to goodwill and tradenames in Q4 2024[21]. - The company incurred a non-cash impairment charge of $1,480 million related to goodwill and tradenames for the year ended December 31, 2024[46]. - Impairment of intangible assets significantly increased to $1,480 million in 2024 from $326 million in 2023[54]. Cash Flow and Investments - Net cash provided by operating activities decreased to $525 million in 2024 from $919 million in 2023[54]. - Net cash used by investing activities was $225 million in 2024, compared to $54 million in 2023[54]. - Net cash used by financing activities improved to $498 million in 2024 from $1,010 million in 2023[54]. - Cash, cash equivalents, and restricted cash at the end of the period were $923 million, down from $1,136 million in 2023[54]. - The effect of foreign currency exchange rates on cash was a loss of $15 million in 2024, compared to a loss of $4 million in 2023[54]. Inventory and Accounts Receivable - QVC Group's inventory increased slightly to $1,061 million in 2024 from $1,044 million in 2023[50]. - The company reported a decrease in accounts receivable by $144 million in 2024, compared to an increase of $36 million in 2023[54]. Strategic Initiatives - QVC Group's new three-year strategy aims to return the business to growth, focusing on live social shopping and consolidating operations[2]. - The company plans to implement restructuring charges of $10 million at QxH and $8 million at QVC International in 2024[45].

Customer Engagement and Sales - For the year ended December 31, 2024, approximately 96% of QVC's worldwide shipped sales were from repeat and reactivated customers, attracting about 2.5 million new customers[29] - Approximately 91% of QVC's shipped sales for the twelve months ended December 31, 2024, came from repeat customers, who spent an average of $1,460 each during this period[52] - Total consolidated customers were approximately 11.6 million, including 7.6 million QxH customers and 4.0 million QVC International customers[53] - Approximately 89% of new QxH customers made their first purchase through QxH's Digital Platforms in 2024[38] Revenue and Financial Performance - QVC's global e-commerce operation comprised $5.5 billion, or 60.9%, of consolidated net revenue for the year ended December 31, 2024[29] - QxH, including its Digital Platforms, contributed $6.6 billion, or 73%, of consolidated net revenue and $765 million of Adjusted OIBDA for the year ended December 31, 2024[38] - QVC International operations generated $2.4 billion, or 27%, of consolidated QVC net revenue and $333 million of Adjusted OIBDA for the year ended December 31, 2024[39] - QVC's business is seasonal, with the fourth quarter accounting for approximately 30% of its global revenue, while the first three quarters each account for 22% to 24%[68] Digital and Mobile Operations - QVC's Digital Platform revenue as a percentage of total QxH net revenue was 63.9%, 61.8%, and 60.5% for the years ended December 31, 2024, 2023, and 2022, respectively[38] - QxH customers placed approximately 45.7% of all orders via mobile devices in 2024, while QVC International customers placed 41.1% of orders through mobile[55] - Digital Platform revenue accounted for 52.4% of total QVC International net revenue in 2024, up from 49.6% in 2023 and 47.5% in 2022[39] Workforce and Restructuring - QVC's workforce consisted of approximately 17,000 employees who handled about 79 million customer calls and shipped approximately 198 million units globally in 2024[30] - QVC recorded restructuring charges of $18 million in 2024 related to its shift to a managed services model for information technology services[33] - The company implemented a workforce reduction and recorded restructuring charges of $13 million in 2023 and $24 million in 2022[32] - As of December 31, 2024, the company had approximately 18,900 full and part-time employees, with employment levels fluctuating due to seasonal factors[96] Strategic Initiatives - QVC announced a transition to the WIN strategy on November 14, 2024, focusing on enhancing customer interactions and leveraging technology[34] - The WIN strategy aims for top-line growth through enhancing customer interactions, fostering engaging content experiences, and leveraging technology[34] - QVC's Project Athens initiated actions to reduce inventory and included a workforce reduction, with restructuring charges of $13 million recorded in 2023[32] Compliance and Regulatory Environment - The company is subject to program access rules due to its attributable interests in satellite programming services, which may affect its operations and compliance costs[77] - The company’s subsidiary QVC is also subjected to program carriage rules, limiting its ability to favor affiliated programmers over unaffiliated ones[78] - The 1992 Cable Act mandates that cable systems must reserve a percentage of channels for unaffiliated third parties, potentially impacting QVC's channel availability[80] - The company faces increased regulatory scrutiny regarding online privacy and data protection, particularly under the GDPR and CCPA[85][89] Cost Structure and Operations - QVC's cost structure is highly variable, allowing it to achieve attractive margins compared to traditional brick-and-mortar retailers[59] - QVC has negotiated long-term contracts with shipping companies, which provide favorable shipping rates in various markets[60] - QVC maintains long-term affiliation agreements with distributors, with most agreements expiring between 2025 and 2029[48] Corporate Governance and Employee Engagement - The company emphasizes fostering an inclusive culture to enhance customer experiences and innovate for growth, leveraging diverse backgrounds and perspectives[97] - Annual employee engagement surveys are conducted to improve employee experience and retention, influencing company programs and practices[99] - The company maintains a commitment to health and safety, implementing comprehensive occupational injury and illness prevention programs[100] Miscellaneous - CBI operates multiple brand websites, enhancing customer experience with additional content and product assortments[72] - CBI brands focus on innovative proprietary and branded products, often securing exclusive distribution rights[73] - The company’s website provides access to SEC filings, including Form 10-Ks, Form 10-Qs, and Form 8-Ks, generally available within 24 hours of filing[101] - Corporate governance guidelines and ethics documents are available on the company’s website, with copies provided free of charge upon request[102]

Revenue Performance - Qurate Retail reported a revenue decrease of 4% year-over-year, totaling $2,342 million for Q1 2024, compared to $2,644 million in Q1 2023[4] - QxH revenue declined by 4% to $1,539 million, while QVC International revenue decreased by 3% to $572 million[4] - Total revenue for Q1 2024 was $2.342 billion, down 11.4% from $2.644 billion in Q1 2023[54] Earnings and Profitability - Adjusted OIBDA increased by 25% in constant currency, reaching $259 million, up from $210 million in the same quarter last year[4] - The company achieved a diluted EPS of $0.00, with an adjusted diluted EPS of $0.04, compared to an adjusted EPS of $(0.05) in Q1 2023[10] - Operating income for Qurate Retail (excluding Zulily) fell by 34% to $145 million, down from $219 million in Q1 2023[4] - Qurate Retail's Adjusted OIBDA for Q1 2024 was $259 million, compared to $340 million in Q4 2023[41] - QVC's Adjusted OIBDA for Q1 2024 was $260 million, down from $320 million in Q4 2023[48] - Qurate Retail reported a net loss attributable to shareholders of $1 million for Q1 2024, compared to a net income of $20 million in Q1 2023, representing a decline of 105%[54] - Adjusted net income for Q1 2024 was $17 million, a decrease from $40 million in Q3 2023[54] - Operating income for Q1 2024 was $145 million, down from $176 million in Q1 2023, reflecting a decline of 17.6%[54] Debt and Liquidity - The company successfully repaid $423 million of QVC's 4.85% senior secured notes due April 2024[3] - Cash and cash equivalents decreased by $19 million to $1,102 million as of March 31, 2024[26] - Total debt increased by $14 million to $5,953 million, primarily due to additional borrowings under QVC's bank credit facility[26] - As of March 31, 2024, QVC's bank credit facility has $1.3 billion drawn with incremental availability of $1.9 billion, net of letters of credit[27] - QVC's leverage ratio was 2.5x at quarter-end, slightly increasing from December 31, 2023, due to certain add backs no longer impacting the calculation[27] - Qurate Retail's consolidated leverage ratio was greater than 3.5x, restricting its ability to make unlimited dividends or other restricted payments[28] - Qurate Retail is in compliance with all debt covenants as of March 31, 2024[29] Assets and Inventory - Cash and cash equivalents at the end of Q1 2024 were $1.102 billion, slightly down from $1.121 billion at the end of Q4 2023[53] - Total current assets decreased to $3.386 billion in Q1 2024 from $3.682 billion in Q4 2023, a decline of 8%[53] - Current liabilities decreased to $2.543 billion in Q1 2024 from $2.617 billion in Q4 2023, a reduction of 2.8%[53] - Long-term debt decreased to $4.552 billion in Q1 2024 from $4.698 billion in Q4 2023, a decline of 3.1%[53] - The company experienced a decrease in inventory, which was $1.134 billion in Q1 2024 compared to $1.044 billion in Q4 2023, indicating a 8.6% increase[53] Campaigns and Initiatives - The company launched the "Age of Possibility" campaign in April 2024, featuring ambassadors to celebrate women over 50[3] Interest Expense - Interest expense increased to $117 million in Q1 2024 from $94 million in Q1 2023, reflecting a rise of 24.5%[54]