Snap Inc Results Presentation Deck

Full Year Financial Highlights Revenue Operating Performance Cash ● ● Operating margin improved 17 PPT YoY to (17)% in 2021. • Adjusted gross margin² improved 4 PPT YoY to 58% in 2021. Net loss improved by $457 million YoY to $(488) million in 2021. Adjusted EBITDA improved by $572 million YoY to $617 million in 2021. Adjusted EBITDA margin³ improved 13 PPT YoY to 15% in 2021. Revenue increased 64% YoY to reach $4.1 billion in 2021. Average revenue per user¹ increased 35% YoY to reach $13.65 in 2021. ● Operating cash flow was $293 million in 2021, compared to $(168) million in 2020. Free Cash Flow was $223 million in 2021, compared to $(225) million in 2020. Ending cash, cash equivalents, and marketable securities were $3.7 billion as of December 31, 2021. ¹ARPU is presented as annual ARPU, calculated as the sum of each reported quarterly Global ARPU. 2Excludes 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. 3We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue. See Appendix for reconciliation of net loss to Adjusted EBITDA. Numbers throughout presentation may not foot due to rounding. 16

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