Snap Inc Results Presentation Deck
Adjusted EBITDA and Free Cash Flow¹
(in millions, unaudited)
Free Cash
Flow
Q1'16
$(93)
$(105)
Q2'16
$(105)
$(151)
Q3'16
$(109)
$(234)
Q4'16
$(152)
$(188)
Q1'17
$(188)
$(173)
Reduced capital expenditures should better align Adjusted EBITDA and FCF results over time
¹We define Adjusted EBITDA as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; and stock-based compensation expense and related
payroll tax expense. We define Free Cash Flow as net cash used in operating activities, reduced by purchases of property and equipment. See appendix for reconciliation of net loss to Adjusted EBITDA and net cash used in operating activities
to Free Cash Flow.View entire presentation