Comcast Results Presentation Deck slide image

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 amortization
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