Comcast Results Presentation Deck
Sky 4th Quarter 2022 Overview
8
Customer Relationships
23.0
(1%)
4Q21
Revenue
$5,079
4Q21
22.9
(2%)
1Q22
(0.8%)
$4,416
4Q22
22.7
(2%)
2Q22
23.0
+0%
3Q22
$464
23.1
($M) Adjusted EBITDA* ($M)
4Q21
+0%
4Q22
(15.1%);
(2.0%) ex.
severance
$340
4Q22
(M)
*Reported results for 4Q22 include increased severance costs. Refer to Notes page for further details.
All percentages represent year/year constant currency growth rates.
See Notes on Slide 12
*
Commentary
Customer relationships: increased 129,000 to 23.1M
Net additions in the U.K., Italy and Germany
Revenue: (0.8%) to $4.4B
- Direct-to-Consumer: +0.2% to $3.5B; growth in the U.K. driven by wireless
and broadband revenue
Content: +6.5% to $304M driven by licensing our entertainment content
Advertising: (9.6%) to $564M, primarily driven by lower revenue in the U.K.,
reflecting the timing of the FIFA World Cup and the macroeconomic
environment
Adj. EBITDA: (15.1%) to $340M, (2.0%) ex. severance*
Reflecting an increase in direct network costs and higher other expenses,
mostly offset by lower programming costs due to timingView entire presentation