Revenues at Comcast’s European unit Sky fell by 13.8% to $4.5 billion in the second quarter after lower revenues across direct-to-consumer, content and advertising.
Direct-to-consumer revenue decreased 2.4% to $3.7 billion with the amount of per consumer revenue in Italy and Germany after the loss of key sports rights including Champions League and DAZN.
The sports loss also had a knock-on effect on advertising revenue in Italy, though was compensated for by growth in Germany and the UK.
Total Customer Relationships decreased by 255,000 to 22.7 million in the second quarter of 2022. For the six months ended June 30, 2022, total customer relationships decreased by 361,000.
For the six months ended June 30, 2022, Adjusted EBITDA for Sky increased 60.8% to $1.5 billion compared to 2021. Excluding the impact of currency, Adjusted EBITDA increased 70.9%.
Separately, Peacock subscribers remained flat at 13 million, following a strong first quarter.
