Snap Inc Results Presentation Deck

Third Quarter Financial Highlights Cash Rev nue Operating Performance Operating cash flow improved $61 million YoY and $67 million QoQ to $(133) million. • Free Cash Flow improved $61 million YoY and $75 million QoQ to $(159) million. Change in cash balance improved $344 million YoY and $96 million QoQ to $(156) million. • Revenue increased 43% YoY and 14% QoQ to a record $298 million. ● o Trailing twelve months revenue increased 53% to $1.1 billion. Average revenue per user increased 37% YoY and 14% QoQ to $1.60. • Gross margin¹1 increased to a record 36%, compared to 21% in Q3 2017 and 30% in Q2 2018. Operating loss improved $138 million YoY and $34 million QoQ to $(323) million. • Net loss improved $118 million YoY and $28 million QoQ to $(325) million. Adjusted EBITDA improved $41 million YoY and $31 million QoQ to $(138) million. Adjusted EBITDA margin improved to (46)%, compared to (86) % in Q3 2017 and (64)% in Q2 2018. › Adjusted EBITDA leverage improved to 45%, compared to (88) % in Q3 2017 and 31% in Q2 2018. ● 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. STRONG FINANCIAL PERFORMANCE YOY AND QOQ 3

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