Snap Inc Investor Presentation Deck

Snap Inc. Non-GAAP Financial Measures Reconciliation (Continued) (in thousands, except per share amounts, unaudited) Non-GAAP net income (loss) reconciliation Net loss Amortization of intangible assets Stock-based compensation expense Payroll tax expense related to stock-based compensation Securities class actions legal charges Gain on Divestiture Lease exit charges Income tax adjustments Non-GAAP net income (loss)¹ Weighted-average common shares - Diluted Non-GAAP diluted net income (loss) per share reconciliation GAAP diluted net loss per share Non-GAAP adjustment to net loss Non-GAAP diluted net income (loss) per share¹ $ $ $ December 31, 2018 $ (191,668) $ 10,441 121,772 2,015 (2,125) 84 (59,481) $ 1,324,858 December 31, 2018 (0.14) $ 0.10 (0.04) $ March 31, 2019 (310,407) $ 10,369 162,556 6,737 (115) (130,860) $ 1,340,615 March 31, 2019 (0.23) $ 0.13 (0.10) $ Three Months Ended June 30, 2019 (255,174) $ 9,048 195,574 7,871 (39,883) 376 (82,188) $ 1,362,544 September 30, 2019 Three Months Ended June 30, 2019 (227,375) $ 6,915 161,228 4,604 (0.19) $ 0.13 (0.06) $ 200 (54,428) $ 1,393,358 September 30, 2019 December 31, 2019 (0.16) $ 0.12 (0.04) $ (240,704) $ 7,067 166,655 8,628 100,000 289 41,935 $ 1,409,519 December 31, 2019 (0.17) $ 0.20 0.03 $ March 31, 2020 (305,936) 7,980 172,049 11,874 (59) (114,092) 1,426,305 March 31, 2020 (0.21) 0.13 (0.08) 'We define Non-GAAP Net income (loss) as net income (loss); excluding amortization of intangible assets; stock-based compensation expense and related payroll tax expense; certain other non-cash or non-recurring items impacting net income (loss) from time to time; and related income tax adjustments. Non-recurring items include securities class actions legal charges and lease exit charges as described in the preceding slide. Non-GAAP Net Loss and weighted average diluted shares are then used to calculate Non-GAAP diluted net Income (loss) per share. 33

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