Comcast Results Presentation Deck

Sky 3rd Quarter 2020 Overview 9 Customer Relationships 23.9 +2% 3Q 19 Revenue $4,554 3Q 19 24.0 +2% 4Q 19 +0.3% $4,793 3Q20 23.9 +1% 1Q20 23.7 (1%) 3Q 19 2Q20 $899 All percentages represent year/year constant currency growth rates. See Notes on Slide 14 23.7 (1%) ($M) Adjusted EBITDA ($M) 3Q20 (45.4%) (M) $515 3Q 20 Commentary ● ● ● Customer relationships: -0.9% to 23.7M Total net losses of -21K, a sequential improvement from -214K net losses in 2Q20; includes net additions in the UK Revenue: +0.3% to $4.8B Content +17.5% to $388M: reflects higher wholesale revenue from sports programming as European football leagues resumed sporting events that were previously postponed due to COVID-19 - Direct-to-Consumer -1.0% to $3.9B: the significant sequential improvement vs. 2Q20 resulted from the return of sports and healthy underlying trends in the UK including customer growth and low-single-digit y/y ARPU growth Advertising - 1.2% to $462M: reflects a sequential improvement from -41.2% in 2Q, driven by strong advanced advertising and broadcasts of rescheduled sporting events that were previously postponed Adjusted EBITDA: -45.4% to $515M Driven by higher programming & production expenses related to sporting events that were previously postponed as a result of COVID-19

View entire presentation