Comcast Results Presentation Deck

NBCUniversal 4th Quarter 2020 Overview Revenue y/y% Adj. EBITDA y/y% Revenue $9,153 7 4Q 19 $2,020 4Q 19 (18.1%) $7,500 Adjusted EBITDA ($M) 4Q20 ($M) (20.7%) $1,603 4Q20 ($M) Cable Networks $2,739 (6.4%) Broadcast TV Film ed Entertainment Theme Parks All percentages represent year/year growth rates. See Notes on Slide 13 $2,782 (12.0%) $1,432 (8.3%) $579 (62.9%) $1,255 +22.4% $356 (24.3%) $151 +65.2% ($15) (102.3%) Commentary ● ● ● ● ● ● ● ● ● ● Content licensing & other -37.9% due to the timing of transactions Advertising revenue -4.2% due to the delayed start of NBA and NHL seasons Distribution revenue flat reflecting the absence of carriage renewals and modest sequential improvement in subscriber losses Adj. EBITDA benefitted from lower programming & production expenses due to the delayed start of NBA and NHL seasons Content licensing -38.6% due to the timing of transactions Advertising revenue -9.6% driven by lower ratings partly due to the delayed launch of our fall season Distribution & other +10.0% driven by double-digit growth in retrans Adj. EBITDA reflects lower revenue, partially offset by lower programming & production costs which reflects lower content licensing and the delay in production due to COVID-19 Revenue declined due to closures or limited operations of theaters, which more than offset higher content licensing driven by PVOD releases Adj. EBITDA reflects lower revenue, more than offset by lower operating costs due to a reduced number of releases compared to the prior year Results reflect the impact of our parks in Orlando and Osaka operating at limited capacity, the closure of Universal Studios Hollywood, and -$45M of pre-opening costs for our upcoming park in Beijing

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