Comcast Results Presentation Deck

NBCUniversal 3rd Quarter 2020 Overview Revenue y/y% Adj. EBITDA y/y% Revenue $8,295 8 3Q 19 $2,091 3Q 19 (18.9%) $6,724 Adjusted EBITDA ($M) 3Q20 ($M) (38.7%) $1,281 3Q20 All percentages represent year/year growth rates. See Notes on Slide 14 ($M) Cable Networks $2,736 (1.3%) Broadcast TV Film ed Entertainment Theme Parks $2,414 +8.3% $1,280 (25.0%) $311 (80.9%) $870 (8.9%) $436 +28.7% $300 +53.4% ($203) (127.7%) Commentary ● ● ● ● ● ● ● Distribution revenue -3.8% reflecting a slight acceleration in sub declines, the absence of programming renewals, and the impact of accrued RSN credits Advertising revenue -2.1% reflects a sequential improvement driven by the benefit of broadcasts of rescheduled sporting events in 3Q Adj. EBITDA impacted by higher programming & production expenses due to the shift of sports rights into 3Q Content licensing +65.6%, which includes transactions with Peacock Advertising revenue -11.5% due to continued ratings declines, partially offset by higher pricing and local political Adj. EBITDA reflects higher revenue and lower costs associated with the delayed start of new fall season, partially offset by higher programming expenses related to content licensing sales Revenue declined due to theater closures, which more than offset higher content licensing and home entertainment revenue Adj. EBITDA reflects lower revenue, more than offset by a decline in operating costs due to the absence of current period releases, which have been delayed to 2021 Results reflect the impact of our parks in Orlando and Osaka operating at limited capacity, the closure of Universal Studios Hollywood, and ~$20M of pre-oper costs for our upcoming park in Beijing

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