Comcast Results Presentation Deck
Sky 2nd Quarter 2021 Overview
7
Customer Relationships
23.0
(1%)
2Q20
Revenue
$4,079
2Q20
23.0
(1%)
3Q20
+14.9%
$5,220
2Q21
23.2
0%
4Q20
23.4
1Q21
$749
+1%
2Q20
23.2
All percentages represent year/year constant currency growth rates.
See Notes on Slide 11
+1%
($M) Adjusted EBITDA ($M)
2Q21
(32.4%)
$560
(M)
2Q21
Commentary
Total customer relationship net losses of (248K)
Customer relationships grew in the U.K.; customer losses in Italy and
Germany due to the end of the football season
Ended the quarter with 23.2M total customer relationships; +0.9% y/y
Revenue: +14.9% to $5.2B
Largely reflecting strong growth in our U.K. business
Direct-to-Consumer +7.7% to $4.2B: primarily driven by higher ARPU
Advertising +78.8% to $643M: reflects overall market recovery and an
increase in the number of sporting events vs 2Q20
Content +36.1% to $355M: reflects higher wholesale revenue from
sports programming vs 2Q20 when sports were postponed
Adjusted EBITDA: -32.4% to $560M
Primarily reflects higher programming costs due to an increase in the
number of sporting events vs 2Q20View entire presentation