TV shopping co QVC plunges after bankruptcy protection filing

QVC

16/04/2026 09:57

** Shares of TV shopping firm QVC QVCGA.O slump 67.5% to $0.83 in premarket trading

** Co to commence Chapter 11 bankruptcy protection proceedings in U.S. court in Texas

** Intends to enter into restructuring support agreement with some holders of co's debt instruments

** Expects to receive Nasdaq de-listing notice in connection with bankruptcy case

** For quarter ended December 31, co reported net loss of $2.4 bln, compared with $1.29 bln in 2024

** QVC's biggest reporting segments are its television and social media shopping programming - QxH - and lifestyle segment - Cornerstone Brands

** QVCGA stands at a market cap of $21.93 mln, with about 7.89 shares outstanding, as of market close on April 15, per LSEG data

** Stock shed over 75% YTD, till last close

** QVCGA stock has lost over 98% of value since its Nasdaq debut in 2006

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))