Snap Inc Results Presentation Deck

Adjusted Operating Expenses¹ ADJUSTED OPERATING EXPENSES AS A % OF REVENUE 40% Q4'20 48% Q1'21 44% Q2'21 7 PPT 43% Q3'21 41% Q4'21 55% Q1'22 Total Non-GAAP Exclusions¹ OPERATING EXPENSES COMPOSITION (in millions, unaudited) Total GAAP Operating Expenses Research and Development Sales and Marketing General and Administrative $369 $104 $124 $141 Q4'20 $254 $623 $367 $107 $113 $147 Q1'21 $294 $661 ¹Excludes 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. $427 $126 $134 $167 Q2'21 $302 $730 CONTINUED INVESTMENT IN THE LONG-TERM FUTURE OF OUR BUSINESS +60% $464 $127 $156 $182 Q3'21 $341 $805 $530 $141 $189 $199 Q4'21 $344 $874 $586 $161 $189 $235 Q1'22 $328 $913 11

View entire presentation