Comcast Results Presentation Deck
Sky 3rd Quarter 2021 Overview
7
Customer Relationships
23.0
(1%)
3Q20
Revenue
$4,793
3Q20
23.2
0%
4Q20
(0.7%)
$4,988
3Q21
23.4
+1%
1Q21
23.2
2Q21
+1%
$515
3Q20
23.0
All percentages represent year/year constant currency growth rates.
See Notes on Slide 11
0%
($M) Adjusted EBITDA ($M)
3Q21
+76.2%
$971
(M)
3Q21
Commentary
Total customer relationship net losses of (233K)
Customer relationships grew in the U.K.; offset by customer losses in
Italy driven by the reduction in our broadcast rights to Serie A
Ended the quarter with 23.0M total customer relationships; (0.1%) y/y
Revenue: (0.7%) to $5.0B
Direct-to-Consumer flat at $4.1B: increased customer relationships
and ARPU in the U.K., offset by a decrease in customer relationships
and ARPU in Italy due to the reduction in our rights to Serie A
Advertising +15.6% to $561M: reflecting an overall market recovery
compared to the prior year period
-
Content (26.4%) to $300M: due to changes in sports programming
licensing agreements in Italy and Germany as well as the timing of
sporting events compared to last year
Adjusted EBITDA: +76.2% to $971M
Driven by lower sports programming costs due to the timing of sports
rights amortization and the reduction in our broadcast rights to Serie
A in ItalyView entire presentation