Snap Inc Results Presentation Deck

Operating Expenses¹ OPERATING EXPENSES AS A % OF REVENUE 107% Q3'17 91% Q4'17 112% Q1'18 -30 PPTS 94% Q2'18 82% Q3'18 61% Q4'18 Total Non-GAAP Exclusions¹ OPERATING EXPENSES COMPOSITION (in millions, unaudited) Research and Development Sales and Marketing General and Administrative $223 $66 $71 $87 Q3'17 $236 $261 $88 $78 $96 Q4'17 $195 $257 $77 $79 $102 Q1'18 $169 ¹Excludes stock-based compensation expense and related payroll tax expense (SBC-Related Expense) and depreciation and amortization (D&A Expense) and certain other non-cash or non-recurring items impacting net income (loss) from time to time. Refer to Appendix for description of Reduction in Force Charges and Lease Exit Charges. -9% $247 $75 $75 $97 Q2'18 $182 $246 $82 $68 $95 Q3'18 $178 $238 $80 $75 $84 Q4'18 $133 OPERATING EXPENSES DECREASED 9% YOY AND 3% QOQ, WHILE REVENUE INCREASED 36% YOY AND 31% QOQ 13

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