Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation (continued) (in thousands, unaudited) Non-GAAP net loss reconciliation: Net loss Amortization of intangible assets Stock-based compensation expense Payroll tax expense related to stock-based compensation Spectacles inventory-related charges Income tax adjustments Non-GAAP net loss¹ Weighted-average common shares - Diluted Non-GAAP diluted net loss per share reconciliation Diluted net loss per share Non-GAAP adjustment to net loss Non-GAAP diluted net loss per share¹ September 30, 2016 $ $ $ $ (124,228) $ 4,467 14,795 132 September 30, 2016 December 31, 2016 (104,834) $ 832,401 (0.15) $ 0.02 (0.13) $ (169,945) $ 4,849 6,767 53 Three Months Ended March 31, 2017 (158,276) $ 835,299 December 31, 2016 (2,208,837) $ 5,437 1,992,121 20,953 (0.20) $ 0.01 (0.19) $ (1,567) (191,893) $ 955,003 Three Months Ended March 31, 2017 (2.31) $ 2.11 (0.20) $ June 30, 2017 (443,093) $ 5,767 245,028 (2,585) September 30, 2017 (623) (195,506) $ 1,223,443 June 30, 2017 (443,159) 9,743 221,702 3,890 39,867 (123) (168,080) (0.36) $ 0.20 (0.16) $ 1,232,993 September 30, 2017 (0.36) 0.22 (0.14) ¹ We define Non-GAAP Net Loss as net income (loss); excluding amortization of intangible assets; stock-based compensation expense and related payroll tax expense; certain other non-cash or non-recurring items impacting net income (loss) from time to time; and related income tax adjustments. Spectacles inventory-related charges were primarily related to excess inventory reserves and inventory purchase commitment cancellation charges. These charges are non-recurring and not reflective of underlying trends in our business. Non-GAAP Net Loss and weighted average diluted shares are then used to calculate Non-GAAP diluted net loss per share. 2

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