Snap Inc Results Presentation Deck

Full Year Financial Summary Revenue Operating Performance Cash ● Operating margin was (30) % in 2022, compared to (17)% in 2021. Adjusted gross margin² improved to 62% in 2022, compared to 58% in 2021. • Net loss was $1,430 million in 2022, including restructuring charges of $189 million, compared to $488 million in 2021. • Adjusted EBITDA³ was $378 million in 2022, compared to $617 million in 2021. • Adjusted EBITDA margin³ was 8% in 2022, compared to 15% in 2021. ● Revenue increased 12% YoY to $4.6 billion in 2022. Average revenue per user¹ was $12.98 in 2022 compared to $13.65 in 2021. ● Operating cash flow was $185 million in 2022, compared to $293 million in 2021. • Free Cash Flow³ was $55 million in 2022, compared to $223 million in 2021. Cash, cash equivalents, and marketable securities were $3.9 billion as of December 31, 2022. ● ARPU is presented as an annual ARPU, calculated as the sum of each reported quarterly Global ARPU. 2Adjusted gross margin is a non-GAAP measure, which we define as GAAP revenue less adjusted cost of revenue, divided by GAAP revenue. Adjusted cost of revenue is a non-GAAP measure and excludes stock-based compensation expense, payroll and other tax expense related to stock-based compensation, depreciation and amortization, and certain other non-cash or non-recurring items impacting net income (loss) from time to time. ³Adjusted EBITDA margin is a non-GAAP measure, which we define as Adjusted EBITDA divided by GAAP revenue. See Appendix for reconciliations of net loss to Adjusted EBITDA and net cash provided by (used in) operating activities to Free Cash Flow.. Numbers throughout presentation may not foot due to rounding. 2022 REVENUE INCREASED 12% YoY TO $4.6 BILLION FREE CASH FLOW WAS $55 MILLION IN 2022 15

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