Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation (continued) (in thousands, unaudited) Non-GAAP net loss reconciliation: Net loss Amortization of intangible assets Stock-based compensation expense Payroll tax expense related to stock-based compensation Income tax adjustments Non-GAAP net loss ¹ Weighted-average common shares - Diluted Non-GAAP diluted net loss per share reconciliation: Diluted net loss per share Non-GAAP adjustment to net loss Non-GAAP diluted net loss per share 1 $ $ $ $ June 30, 2016 (115,894) $ 3,730 4,742 (107,422) 806,379 September 30, 2016 June 30, 2016 $ (0.14) $ 0.01 (0.13) $ (124,228) $ 4,467 14,795 132 Three Months Ended December 31, 2016 (104,834) $ 832,401 September 30, 2016 (169,945) $ 4,849 6,767 53 (0.15) $ 0.02 (0.13) $ (2,208,837) $ 5,437 1,992,121 20,953 (1,567) (158,276) $ (191,893) $ 835,299 Three Months Ended December 31, 2016 March 31, 2017 (0.20) $ 0.01 (0.19) $ 955,003 March 31, 2017 (2.31) $ 2.11 (0.20) $ June 30, 2017 (443,093) 5,767 245,028 (2,585) (623) (195,506) 1,223,443 June 30, 2017 ¹ We define Non-GAAP Net Loss as net income (loss); excluding amortization of intangible assets; stock-based compensation expense and related payroll tax expense; and related income tax adjustments. Non-GAAP Net Loss and weighted average diluted shares are then used to calculate Non-GAAP diluted net loss per share. (0.36) 0.20 (0.16) 2

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