Snap Inc Results Presentation Deck

Net Income (Loss) & Adjusted EBITDA¹ (dollars in millions, unaudited) NET INCOME (LOSS) (38)% $(422) Q2'22 Net Income (Loss) Margin (32)% $(360) Q3'22 (22)% $(288) Q4'22 (33)% $(329) Q1'23 (35)% $(377) Q2'23 (31)% $(368) Q3'23 ADJUSTED EBITDA¹ $7 1% Q2'22 Adjusted EBITDA Margin² $73 6% Q3'22 $233 ADJUSTED EBITDA WAS $40 MILLION IN Q3 2023 18% Q4'22 $1 0.1% Q1'23 (4)% $(38) Q2'23 $40 3% Q3'23 '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 Q3 2022, Q4 2022, and Q3 2023, non-recurring items included restructuring charges of $155 million, $34 million, and $19 million, respectively. See Appendix for reconciliation of net loss to Adjusted EBITDA. 2Adjusted EBITDA margin is a non-GAAP measure, which we define as Adjusted EBITDA divided by GAAP revenue. Numbers throughout presentation may not foot due to rounding. 11

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