Snap Inc Results Presentation Deck

Adjusted Operating Expenses¹ ADJUSTED OPERATING EXPENSES AS A % OF REVENUE 50% Q3'20 40% Q4'20 48% Q1'21 < 1 PPT 44% Q2'21 43% Q3'21 41% Q4'21 Total Non-GAAP Exclusions1 OPERATING EXPENSES COMPOSITION (in millions, unaudited) Research and Development Sales and Marketing General and Administrative Total GAAP Operating Expenses $338 $91 $111 $135 Q3'20 $216 $553 $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. +44% $427 $126 $134 $167 Q2'21 $302 $730 ADJUSTED OPERATING EXPENSES AS A % OF REVENUE REMAINED FLAT YOY $464 $127 $156 $182 Q3'21 $341 $805 $530 $141 $189 $199 Q4'21 $344 $874 11

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