Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation (continued) (in thousands, except per share amounts, 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 Reduction in force charges Lease exit 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 $ March 31, 2017 (1,567) $ (191,993) $ $ (2,208,837) $ 5,337 1,992,121 20,953 $ 955,003 March 31, 2017 (2.31) $ 2.11 (0.20) $ June 30, 2017 (443,093) $ 5,767 245,028 (2,585) Three Months Ended September 30, December 31, 2017 2017 (623) (195,506) $ 1,223,443 June 30, 2017 (443,159) 9,743 221,702 3,890 39,867 (0.36) $ 0.20 (0.16) $ (123) (168,080) $ 1,232,993 September 30, 2017 (349,977) $ 10,607 181,044 2,212 60 (156,054) $ Three Months Ended (0.36) $ 0.22 (0.14) $ 1,247,017 December 31, 2017 (0.28) $ 0.15 (0.13) $ March 31, 2018 (385,785) $ 10,824 133,258 9,968 9,884 220 (221,631) $ 1,270,998 March 31, 2018 (0.30) $ 0.13 (0.17) $ June 30, 2018 (353,310) 10,754 156,371 5,997 3,928 (339) (176,599) 1,294,846 June 30, 2018 (0.27) 0.13 (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. Non-recurring items include spectacles inventory-related charges, reduction in force charges, and lease exit charges as described in the preceding slide. 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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