Snap Inc Results Presentation Deck

Adjusted Operating Expenses¹ ADJUSTED OPERATING EXPENSES AS A % OF REVENUE 61% Q3'19 48% Q4'19 64% Q1'20 -8 PPT 68% Q2'20 50% Q3'20 40% Q4'20 Total Non-GAAP Exclusions1 OPERATING EXPENSES COMPOSITION (in millions, unaudited) Research and Development Sales and Marketing General and Administrative $271 $83 $96 $92 Q3'19 $180 Total GAAP Operating Expenses 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. Refer to Appendix for a description of non-recurring items, including securities class actions legal charges. $452 $271 $81 $96 $94 Q4'19 $290 $561 $298 $102 $93 $103 Q1'20 $198 $495 +36% $307 $87 $100 $120 Q2'20 $207 $514 ADJUSTED OPERATING EXPENSES AS A % OF REVENUE DECREASED 8 PPT YOY $338 $91 $111 $135 Q3'20 $216 $553 $369 $104 $124 $141 Q4'20 $254 $623 11

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