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 Spectacles inventory-related charges Reduction in force charges 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 September 30, 2017 $ $ $ $ (443,159) $ 9,743 221,702 3,890 39,867 September 30, 2017 December 31, 2017 (123) (168,080) $ 1,232,993 (349,977) $ 10,607 181,044 2,212 (0.36) $ 0.22 (0.14) $ 60 (156,054) $ 1,247,017 December 31, 2017 (0.28) $ 0.15 (0.13) $ Three Months Ended March 31, 2018 (385,785) $ 10,824 133,258 9,968 9,884 220 (221,631) $ 1,270,998 Three Months Ended March 31, 2018 June 30, 2018 (0.30) $ 0.13 (0.17) (353,310) $ 10,754 156,371 5,997 September 30, 2018 3,928 (339) (176,599) $ 1,294,846 June 30, 2018 (0.27) $ 0.13 (0.14) $ (325,148) $ 10,610 126,809 3,947 December 31, 2018 29,340 (253) (154,695) $ 1,309,918 September 30, 2018 (191,668) 10,441 121,772 2,015 (0.25) $ 0.13 (0.12) $ (2,125) 84 (59,481) 1,324,858 December 31, 2018 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 spectacles inventory-related charges, 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. (0.14) 0.10 (0.04) 2

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