Snap Inc Results Presentation Deck

Third Quarter Financial Highlights Revenue Operating Performance Cash ● Revenue increased 50% YoY to $446 million. ● ● Average revenue per user increased 33% YoY to $2.12. Gross margin¹ increased to 51%, compared to 36% in Q3 2018. Operating margin improved to (51)%, compared to (109) % in Q3 2018. Net loss improved $98 million YoY to $(227) million. Adjusted EBITDA improved $96 million YoY to $(42) million. Adjusted EBITDA margin² improved to (9)%, compared to (46) % in Q3 2018. Operating cash flow improved $56 million YoY to $(76) million. Free Cash Flow improved $75 million YoY to $(84) million. Ending cash and marketable securities increased $1.1 billion QoQ to $2.3 billion. ¹Excludes stock-based compensation expense and related payroll tax expense, depreciation and amortization, and certain other non-cash or non-recurring items impacting net income (loss) from time to time. 2We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue. See Appendix for reconciliation of net loss to Adjusted EBITDA. 3

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