Comcast Results Presentation Deck

NBCUniversal 2nd Quarter 2020 Overview Revenue $8,206 6 2Q 19 $2,324 2Q19 (25.4%) $6,124 Adjusted EBITDA ($M) 2Q20 ($M) (29.5%) $1,638 2Q20 All percentages represent year/year growth rates. See Notes on Slide 12 Cable Networks $2,515 (14.7%) Revenue ($M) Adj. EBITDA ($M) Commentary y/y% y/y% Broadcast TV $2,364 (1.6%) Film ed Entertainment Theme Parks $1,194 (18.1%) $87 (94.1%) $1,243 +3.5% $641 +20.0% $228 +24.8% ($399) (167.7%) ● ● ● ● Lower distribution and advertising, partially offset by higher content licensing & other, which includes transactions with Peacock Distribution impacted by credits accrued at RSNs resulting from a reduced number of games planned by leagues due to COVID-19 Lower programming & production costs reflect the postponement or cancellation of sporting events resulting from COVID-19 Lower advertising reflecting reduced advertiser spend due to COVID-19; higher content licensing, which includes transactions with Peacock, and higher retrans Adjusted EBITDA reflects lower revenue, more than offset by reduced operating costs Revenue reflects the impact of theater closures due to COVID-19 and a comparison to the strong performances of last year's releases, which more than offset higher content licensing from PVOD releases Adjusted EBITDA reflects lower revenue, more than offset by reduced operating costs driven by lower advertising, marketing & promotion expenses Results reflect temporary park closures in Japan (late February) and in Orlando and Hollywood (mid-March) due to COVID-19 Parks in Orlando and Japan reopened with limited capacity in June, while Hollywood remains closed

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