Snap Inc Results Presentation Deck

Cost of Revenue¹ (unaudited) Cost of Revenue Composition (in millions) Hosting Cost Revenue Share Cost Other SBC-Related Expense D&A Expense Total $95 $6 $10 $79 Q2'16 $0 $0 $0 $127 $11 $19 $97 Q3'16 $0 $1 $1 $152 $17 $22 $113 Q4'16 $0 $1 $1 $142 $20 $23 $99 Q1'17 $20 $2 $22 $147 $18 $23 $106 Q2'17 $2 $3 $5 Hosting Cost per DAU $0.55 Q2'16 ¹Excludes stock-based compensation expense and related payroll tax expense (SBC-Related Expense) and depreciation and amortization (D&A Expense). $0.64 Q3'16 $0.72 Q4'16 $0.60 Q1'17 Infrastructure efficiency programs partially offset cost increases from more users and growing time spent $0.61 Q2'17 6

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