Snap Inc Results Presentation Deck

First Quarter Financial Highlights Revenue Operating Performance Cash ● ● ● Revenue increased 66% YoY to $770 million. Average revenue per user increased 36% YoY to $2.74. Adjusted gross margin¹ remained flat at 47% compared to Q1 2020. Operating margin improved to (39)%, compared to (62)% in Q1 2020. Net loss was $(287) million, compared to $(306) million in Q1 2020. Adjusted EBITDA was $(2) million, compared to $(81) million in Q1 2020. Adjusted EBITDA margin² was 0%, compared to (18)% in Q1 2020. Operating cash flow improved $131 million YoY to $137 million. Free Cash Flow improved $131 million YoY to $126 million. Ending cash and marketable securities increased $475 million YoY to $2.6 billion. 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. 2We 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. 3

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