Snap Inc Results Presentation Deck
Adjusted EBITDA and Free Cash Flow¹
(in millions, unaudited)
Free Cash Flow
Q3'16
$(109)
$(234)
Q4'16
$(152)
$(188)
Q1'17
$(188)
$(173)
Q2'17
$(194)
$(229)
Q3'17
$(179)
$(220)
Reduced capital expenditures should better align Adjusted EBITDA and FCF results over time
¹We define Adjusted EBITDA as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; stock-based compensation expense and related payroll
tax expense; and certain other non-cash or non-recurring items impacting net income (loss) from time to time. We define Free Cash Flow as net cash used in operating activities, reduced by purchases of property and equipment. See appendix
for reconciliation of net loss to Adjusted EBITDA and net cash used in operating activities to Free Cash Flow.View entire presentation