Snap Inc Results Presentation Deck
Adjusted Operating Expenses¹
ADJUSTED OPERATING EXPENSES AS A % OF REVENUE
68%
Q2'20
50%
Q3'20
40%
Q4'20
-7 PPT
48%
Q1'21
44%
Q2'21
43%
Q3'21
Total Non-GAAP
Exclusions1
OPERATING EXPENSES COMPOSITION
(in millions, unaudited)
Research and Development
Sales and Marketing
General and Administrative
$307
$87
$100
$120
Q2'20
$207
Total GAAP
Operating Expenses
$514
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.
Refer to Appendix for a description of non-recurring items, including securities class actions legal charges.
Numbers throughout presentation may not foot due to rounding.
$338
$91
$111
$135
Q3'20
$216
$553
$369
$104
$124
$141
Q4'20
$254
$623
+37%
$367
$107
$113
$147
Q1'21
$294
$661
ADJUSTED OPERATING EXPENSES AS A % OF REVENUE DECREASED 7 PPT YOY
$427
$126
$134
$167
Q2'21
$302
$730
$464
$127
$156
$182
Q3'21
$341
$805
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