Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation - Quarterly (in thousands, unaudited) Adjusted EBITDA Reconciliation Net income (loss) Add (deduct): 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 Restructuring charges(¹) Adjusted EBITDA² Free Cash Flow Reconciliation Net cash provided by (used in) operating activities Less: Purchases of property and equipment Free Cash Flow³ $ $ $ $ June 30, 2021 (151,664) $ (1,251) 4,564 (42,282) (1,879) 28,270 256,600 25,045 117,403 $ June 30, 2021 (101,086) $ (14,623) (115,709) $ September 30, 2021 (71,959) $ (1,257) 4,031 (112,631) 992 32,510 300,898 21,615 174,199 $ September 30, 2021 71,552 $ (19,836) 51,716 $ Three Months Ended December 31, 2021 22,550 $ (1,554) 4,050 (63,204) 13,031 34,863 297,564 19,493 326,793 $ Three Months Ended December 31, 2021 185,528 $ March 31, 2022 (24,565) 160,963 $ (359,624) S (3,123) 5,173 77,537 8,510 38,100 275,444 22,451 64,468 $ March 31, 2022 127,459 $ (21,175) 106,284 $ June 30, 2022 (422,067) $ (8,331) 5,549 16,910 6,999 79,291 318,810 10,029 June 30, 2022 7,190 $ (124,081) S (23,370) (147,451) $ September 30, 2022 (359,502) (18,445) 5,425 (71,961) 9,241 34,068 312,690 6,561 154,563 72,640 September 30, 2022 55,945 (37,836) 18,109 1 Restructuring charges in Q3 2022 were composed primarily of severance and related charges of $91 million, stock-based compensation expense, lease exit and related charges, impairment charges, and contract termination charges. These charges are non-recurring and not reflective of underlying trends in our business. 2 We 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; 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. ³We define Free Cash Flow as net cash provided by (used in) operating activities, reduced by purchases of property and equipment. Numbers throughout presentation may not foot due to rounding. 1

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