Snap Inc Results Presentation Deck

Adjusted Gross Margin¹ Adjusted Cost of Revenue¹ ADJUSTED COST OF REVENUE AS A % OF REVENUE 53% Q1'21 47% 45% Q2'21 55% 40% Q3'21 60% - 5 PPT 34% Q4'21 66% 39% Q1'22 61% 39% Q2'22 61% Total Non-GAAP Exclusions¹ COST OF REVENUE COMPOSITION² (in millions, unaudited) Total GAAP Cost of Revenue Infrastructure Costs Advertising Partner & Other Costs $404 $179 $51 $174 Q1'21 $8 $437 $182 $74 $182 Q2'21 $8 $429 ADJUSTED GROSS MARGIN¹ IMPROVED 5 PPT YOY $149 $78 $202 Q3'21 $14 Content & Developer Partner Costs <1% $442 $143 $87 $212 Q4'21 $8 $413 $146 $73 $194 Q1'22 $8 $438 $421 $162 $76 $201 Q2'22 $413 $445 $443 $449 $446 ¹We define adjusted gross margin as GAAP revenue less adjusted cost of revenue, and as a percentage, divided by GAAP revenue. Adjusted cost of revenue excludes stock-based compensation expense and other payroll related tax expense, depreciation and amortization, and certain other non-cash or non- recurring items impacting net income (loss) from time to time. Numbers throughout presentation may not foot due to rounding. $8 10

View entire presentation