Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation (Continued) (in thousands, except per share amounts, unaudited) Non-GAAP Net Loss Reconciliation Net loss Amortization of intangible assets Stock-based compensation expense Payroll tax expense related to stock-based compensation Reduction in force charges Lease exit charges Income tax adjustments Non-GAAP net loss¹ Weighted-average common shares - Diluted Non-GAAP diluted net loss per share reconciliation GAAP diluted net loss per share Non-GAAP adjustment to net loss Non-GAAP diluted net loss per share¹ $ $ $ $ December 31, 2017 (349,977) $ 10,607 181,044 2,212 60 (156,054) $ 1,247,017 December 31, 2017 (0.28) $ 0.15 (0.13) $ March 31, 2018 (385,785) $ 10,824 133,258 9,968 9,884 220 (221,631) $ 1,270,998 March 31, 2018 (0.30) $ 0.13 (0.17) $ Three Months Ended June 30, 2018 (353,310) $ 10,754 156,371 5,997 3,928 (339) (176,599) $ 1,294,846 Three Months Ended June 30, 2018 September 30, 2018 (325,148) $ 10,610 126,809 3,947 (0.27) $ 0.13 (0.14) $ 29,340 (253) (154,695) $ 1,309,918 September 30, 2018 (0.25) $ 0.13 (0.12) S December 31, 2018 (191,668) $ 10,441 121,772 2,015 (2,125) 84 (59,481) $ 1,324,858 December 31, 2018 (0.14) $ 0.10 (0.04) $ March 31, 2019 (310,407) 10,369 162,556 6,737 (115) (130,860) 1,340,615 March 31, 2019 ¹ We define Non-GAAP Net Loss as net income (loss); excluding amortization of intangible assets; stock-based compensation expense and related payroll tax expense; certain other non-cash or non-recurring items impacting net income (loss) from time to time; and related income tax adjustments. Non-recurring items include reduction in force charges and lease exit charges as described in the preceding slide. Non-GAAP Net Loss and weighted average diluted shares are then used to calculate Non-GAAP diluted net loss per share. (0.23) 0.13 (0.10) 2

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