Snap Inc Results Presentation Deck

Net Income (Loss) & Adjusted EBITDA¹ (dollars in millions, unaudited) NET INCOME (LOSS) Net Income (Loss) Margin Q4'20 (12) $(113) Q1'21 36% (37)% $(287) Q2'21 6% X15)% $(152) Q3'21 33% (7)% $(72) Q4'21 33% $23 2% Q1'22 35% (34)% $(360) (25)% Adjusted EBITDA Leverage4 4We define Adjusted EBITDA leverage as the year-over-year change in Adjusted EBITDA divided by the year-over-year change in GAAP revenue. Numbers throughout presentation may not foot due to rounding. ADJUSTED EBITDA Q4'20 $166 18% Adjusted EBITDA Margin² 35% Q1'21 0% $(2) Q2'21 26% $117 Net Income (Loss) Leverage³ ¹We define Adjusted EBITDA as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; stock-based compensation expense and other payroll related tax expense; and certain other non-cash or non-recurring items impacting net income (loss) from time to time. See Appendix for reconciliation of net loss to Adjusted EBITDA. 2 We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue. ³We define Net Income (Loss) leverage as the year-over-year change in Net Income (Loss) divided by the year-over-year change in GAAP revenue. 12% 40% Q3'21 ADJUSTED EBITDA WAS $64 MILLION IN Q1 2022 TRAILING TWELVE MONTHS ADJUSTED EBITDA WAS $683 MILLION $174 16% Q4'21 $327 30% 25% Q1'22 42% $64 6% 23% 12

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