Snap Inc Results Presentation Deck
Net Loss & Adjusted EBITDA¹
(in millions, unaudited)
NET LOSS
$(1,256)
2018
$(1,034)
2019
$(945)
2020
$(488)
2021
$(1,430)
2022
ADJUSTED EBITDA¹
$(576)
2018
$(202)
2019
$45
2020
$617
THIRD CONSECUTIVE FULL YEAR OF ADJUSTED EBITDA PROFITABILITY
2021
$378
2022
'Adjusted EBITDA is a non-GAAP measure, which we define as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; stock-based compensation expense; payroll and other tax expense related to stock-based
compensation; and certain other non-cash or non-recurring items impacting net income (loss) from time to time. In 2022, non-recurring items included restructuring charges of $189 million. See Appendix for reconciliation of net loss to Adjusted EBITDA.
Numbers throughout presentation may not foot due to rounding.
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