Snap Inc Results Presentation Deck
Operating Expenses¹
(in millions, unaudited)
Research and Development
SBC-Related Expense
D&A Expense
Reduction in Force Charges
Lease Exit Charges
Total
Operating Margin²
$196
$62
$56
$78
Q1'17
$1,993
$11
$2,004
NM
Sales and Marketing
$229
$74
$69
$86
Q2'17
$240
$10
$250
(247)%
General and Administrative
$223
$66
$71
$87
Q3'17
$224
$12
$236
(222)%
$261
$88
$78
$96
Q4'17
$181
$14
$195
(126)%
$257
$77
$79
$102
Q1'18
$143
$16
$10
$169
(170)%
$247
$75
$75
$97
Q2'18
$161
$17
$4
$182
(136)%
Fixed Cost Leverage Improved YoY
¹Excludes stock-based compensation expense and related payroll tax expense (SBC-Related Expense) and depreciation and amortization (D&A Expense) and certain other non-cash or non-recurring items impacting net income (loss) from time to time.
2Operating margin is calculated using total GAAP costs and expenses.
Refer to Appendix for description of Reduction in Force Charges and Lease Exit Charges.
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