Comcast Results Presentation Deck
Sky 4th Quarter 2021 Overview
8
Customer Relationships
23.2
0%
4Q20
Revenue
$5,205
4Q20
23.4
+1%
1Q21
(2.5%)
$5,079
4Q21
23.2
+1%
2Q21
$139
4Q20
23.0
($M) Adjusted EBITDA
All percentages represent year/year constant currency growth rates.
See Notes on Slide 12
0%
3Q21
23.0
(1%)
4Q21
+187.9%
$464
4Q21
(M)
($M)
Commentary
Total customer relationship net additions of 61K
Customer relationships grew in the U.K. and Germany; partially 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; (1.0%) y/y
Revenue: (2.5%) to $5.1B
Content (23.4%) to $327M: driven by the change in sports programming
licensing agreements in Italy and Germany
Direct-to-Consumer (1.0%) to $4.0B: due to 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 +1.4% to $712M: due to healthy growth in the U.K. and Germany,
mostly offset by a decline in Italy
Adjusted EBITDA: +187.9% to $464M
Strong performance in the U.K. and improvements in both Germany and Italy
Results reflect lower sports programming costs due to resets in our sports
rights, partially offset by the timing of sports rights amortizationView entire presentation