Snap Inc Results Presentation Deck

Operating Expenses¹ OPERATING EXPENSES AS A % OF REVENUE 112% Q1'18 94% Q2'18 82% Q3'18 -27 PPTS 61% Q4'18 77% Q1'19 67% Q2'19 Total Non-GAAP Exclusions¹ OPERATING EXPENSES COMPOSITION (in millions, unaudited) Research and Development Sales and Marketing General and Administrative $257 $77 $79 $102 Q1'18 $169 ¹Excludes stock-based compensation expense and related payroll tax expense, depreciation and amortization and certain other non-cash or non-recurring items impacting net income (loss) from time to time. Refer to Appendix for description of Reduction in Force Charges and Lease Exit Charges. $247 $75 $75 $97 Q2'18 $182 $246 $82 $68 $95 Q3'18 $178 OPERATING EXPENSES INCREASED 5% YOY AND 4% QOQ, WHILE REVENUE INCREASED 48% YOY AND 21% QOQ +5% $238 $80 $75 $84 Q4'18 $133 $248 $82 $75 $91 Q1'19 $185 $259 $87 $81 $91 Q2'19 $219 12

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