Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation - - Quarterly (in thousands, unaudited) Non-GAAP net income (loss) reconciliation Net income (loss) Amortization of intangible assets Stock-based compensation expense Payroll and other tax expense related to stock-based compensation Restructuring charges¹ Income tax adjustments Non-GAAP net income (loss)² Weighted-average common shares - Diluted³ Non-GAAP diluted net income (loss) per share reconciliation GAAP diluted net income (loss) per share Non-GAAP adjustment to net income (loss) Non-GAAP diluted net income (loss) per share² September 30, 2021 $ $ $ (71,959) $ 18,148 300,898 $ 21,615 (208) 268,494 $ September 30, 2021 1,580,966 (0.05) 0.22 0.17 $ $ December 31, 2021 22,550 20,228 297,564 19,493 (374) 359,461 1,668,879 December 31, 2021 0.01 0.21 0.22 $ $ $ $ Three Months Ended June 30, 2022 March 31, 2022 (359,624) 22,505 275,444 22,451 (61) (39,285) $ 1,619,113 $ Three Months Ended March 31, 2022 (0.22) $ 0.20 (0.02) $ (422,067) 64,134 318,810 10,029 1,632,140 September 30, 2022 (504) (29,598) $ June 30, 2022 $ $ (359,502) 18,701 312,690 (0.26) 0.24 (0.02) $ September 30, 2022 6,561 154,563 (954) 132,059 $ 1,608,523 $ (0.22) 0.30 0.08 $ $ December 31, 2022 (288,460) 18,073 446,339 5,172 34,386 (988) 214,522 1,573,883 December 31, 2022 (0.18) 0.32 0.14 'Restructuring charges were composed primarily of severance and related charges of $91 million and $6 million in Q3 2022 and Q4 2022, respectively, stock-based compensation expense, lease exit and related charges, impairment charges, contract termination charges, and intangible asset amortization. These charges are non-recurring and not reflective of underlying trends in our business. "We define Non-GAAP net income (loss) as net income (loss); excluding amortization of intangible assets; stock-based compensation expense; payroll and other tax expense related to stock-based compensation; certain other non-cash or non-recurring items impacting net income (loss) from time to time; and related income tax adjustments. Non-GAAP net income (loss) and weighted average diluted shares are then used to calculate Non-GAAP diluted net income (loss) per share. ³For all periods except Q4 2021, weighted average shares used in computation of diluted EPS primarily excluded unvested or unexercised stock-based awards, Convertible Notes, and Capped Call shares as they were anti-dilutive. In Q4 2021, weighted average common shares used in computation of diluted EPS excludes Convertible Notes and Capped Call shares as they are anti-dilutive. Numbers throughout presentation may not foot due to rounding. 2

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