Snap Inc Results Presentation Deck

Cost of Revenue¹ (unaudited) Cost of Revenue Composition (in millions) Hosting Cost Revenue Share Cost Other SBC-Related Expense D&A Expense Total $76 $63 Q1'16 $0 $0 $0 $95 $6 $10 $79 Q2'16 $0 $0 $0 $127 $11 $19 $97 Q3'16 $0 $1 $1 $152 $17 $22 $113 Q4'16 $0 $1 $1 $142 $20 $23 $99 Q1'17 $20 $2 $22 ៖ Hosting Cost per DAU $0.52 Q1'16 $0.55 ¹Excludes stock-based compensation expense and related payroll tax expense (SBC-Related Expense) and depreciation and amortization (D&A Expense). Q2'16 $0.64 Q3'16 $0.72 Q4'16 $0.60 Q1'17 Lower contract pricing and infrastructure efficiency programs more than offset cost increases from more users and growing engagement

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