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QVC Group and Liberty Interactive’s bonds fell sharply across their curves after reporting a 10% revenue decline and a net loss. QVC Group was formerly known as Liberty Interactive Corporation. The earnings comes as a surprise after they had emerged profitable in the year-ago quarter. The company’s President and CEO said that they were “particularly challenged as linear television viewership continued to decline, and tariff volatility strongly impacted consumer sentiment in discretionary retail”.
QVC’s 5.45% 2034s fell 11 points to 38.5 cents on the dollar. Liberty Interactive’s 8.25% 2030s fell 20 points to 15.2 cents on the dollar.