Snap Inc Results Presentation Deck

Cost of Revenue¹ COST OF REVENUE AS A % OF REVENUE Gross Margin¹ 79% 21% 64% Wi 36% 30% 17% Q3'17 83% Q4'17 -12 PPTS Q1'18 70% Q2'18 64% 36% Q3'18 52% 48% Q4'18 Total Non-GAAP Exclusions¹ COST OF REVENUE COMPOSITION (in millions, unaudited) Infrastructure Cost Revenue Share Cost Other $163 $21 $22 $121 Q3'17 $47 $184 $25 $28 $131 Q4'17 $7 $191 $20 $32 $139 Q1'18 $5 ¹Excludes stock-based compensation expense and related payroll tax expense (SBC-Related Expense), depreciation and amortization (D&A Expense), and certain other non-cash or non-recurring items impacting net income (loss) from time to time. +10% $184 $25 $24 $136 Q2'18 $8 $191 $25 $26 $140 Q3'18 $7 $202 $28 $39 $134 Q4'18 $11 COST OF REVENUE INCREASED 10% YOY AND 6% QOQ, WHILE REVENUE INCREASED 36% YOY AND 31% QOQ 12

View entire presentation