Snap Inc Results Presentation Deck

Net Loss Leverage³ Net Loss & Adjusted EBITDA¹ (dollars in millions, unaudited) NET LOSS Q1'20 (66)% $(306) 3% Net Loss Margin Q2'20 (72)% $(326) (107)% Q3'20 (29)% $(200) 12% Q4'20 (12)% $(113) 36% Q1'21 (37)% $(287) 6% Q2'21 (15)% $(152) 33% Adjusted EBITDA Leverage4 2 We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue. 3We define Net Loss leverage as the year-over-year change in Net Loss divided by the year-over-year change in GAAP revenue. "We define Adjusted EBITDA leverage as the year-over-year change in Adjusted EBITDA divided by the year-over-year change in GAAP revenue. ADJUSTED EBITDA Q1'20 (18)% $(81) 30% Adjusted EBITDA Margin² Q2'20 (21)% $(96) (25)% Q3'20 $56 8% 42% Q4'20 $166 ADJUSTED EBITDA WAS $117 MILLION IN Q2 2021 TRAILING TWELVE MONTHS ADJUSTED EBITDA WAS $338 MILLION 18% 35% Q1'21 0% $(2) 26% Q2'21 $117 12% 'We define Adjusted EBITDA as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; stock-based compensation expense and other payroll related tax expense; and certain other non-cash or non-recurring items impacting net income (loss) from time to time. See Appendix for reconciliation of net loss to Adjusted EBITDA. 40% 12

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