Snap Inc Results Presentation Deck
Operating Expenses¹
OPERATING EXPENSES AS A % OF REVENUE
77%
Q1'19
67%
Q2'19
61%
Q3'19
+1 PPT
48%
Q4'19
64%
Q1'20
68%
Q2'20
Total Non-GAAP
Exclusions¹
OPERATING EXPENSES COMPOSITION
(in millions, unaudited)
Research and Development
Sales and Marketing
General and Administrative
$248
$82
$75
$91
Q1'19
$185
¹Excludes stock-based compensation expense and related payroll tax expense, depreciation and amortization and certain other non-cash or non-recurring items impacting net income (loss) from time to time.
Refer to Appendix for a description of non-recurring items, including securities class actions legal charges.
$259
$87
$81
$91
Q2'19
$219
OPERATING EXPENSES INCREASED 19% YOY,
REVENUE INCREASED 17% YOY
$271
$83
$96
$91
Q3'19
$180
+19%
$271
$81
$96
$94
Q4'19
$290
$298
$102
$93
$103
Q1'20
$198
$307
$87
$100
$120
Q2'20
$207
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