Snap Inc Results Presentation Deck

Adjusted Operating Expense Margin and Adjusted Operating Expenses¹ (dollars in millions, unaudited) Adjusted Operating Expenses as a % of Revenue ADJUSTED OPERATING EXPENSE MARGIN¹ 40% Q2'22 60% 46% Q3'22 54% 54% Q4'22 46% + 4 PPT 44% Q1'23 56% 42% Q2'23 58% 50% Q3'23 50% Total Non-GAAP Exclusions Total GAAP Operat Expenses ADJUSTED OPERATING EXPENSES¹ COMPOSITION $665 $199 $212 $255 Q2'22 $400 $1,065 Research & Development General & Administrative $610 $174 $192 $244 Q3'22 $487 $1,097 $599 $151 $217 $231 Q4'22 $507 $1,106 - 2% Sales & Marketing $553 $148 $206 $200 Q1'23 $361 $914 $615 ADJUSTED OPERATING EXPENSES WERE $599 MILLION, DOWN $12 MILLION, OR 2%, YOY $169 $215 $230 Q2'23 $360 $975 $599 $162 $210 $227 Q3'23 $414 $1,013 'Adjusted operating expense margin is a non-GAAP measure, which we define as GAAP revenue less adjusted operating expenses, divided by GAAP revenue. Adjusted operating expenses is a non-GAAP measure and excludes stock-based compensation expense, payroll and other tax expense related to stock- based compensation, depreciation and amortization, and certain other non-cash or non-recurring items impacting net income (loss) from time to time. In Q3 2022, Q4 2022, and Q3 2023, non-recurring items included restructuring charges of $141 million, $27 million, and $19 million, respectively. See Appendix for further detail. Numbers throughout presentation may not foot due to rounding. 10

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