Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation - Quarterly (in thousands, unaudited) Adjusted EBITDA Reconciliation Net income (loss) Add (deduct): Interest income Interest expense Other (income) expense, net Income tax (benefit) expense Depreciation and amortization Stock-based compensation expense Payroll and other tax expense related to stock-based compensation Adjusted EBITDA² Free Cash Flow Reconciliation Net cash used in operating activities Less: Purchases of property and equipment Free Cash Flow¹ $ $ $ $ December 31, 2020 (113,099) $ (1,969) 29,176 (29,471) 18,127 22,811 219,882 20,152 165,609 $ December 31, 2020 (52,545) $ (16,447) (68,992) $ March 31, 2021 (286,882) $ (1,137) 5,031 (22,058) 1,440 23,498 237,073 41,326 (1,709) $ March 31, 2021 136,886 $ (10,851) 126,035 $ Three Months Ended June 30, 2021 (151,664) $ (1,251) 4.564 (42,282) (1,879) 28,270 256,600 25,045 117,403 $ Three Months Ended June 30, 2021 September 30, 2021 (101,086) $ (14.623) (115,709) $ (71,959) $ (1,257) 4,031 (112,631) 992 32,510 300,898 21,615 174,199 September 30, 2021 71,552 $ $ (19,836) 51,716 $ December 31, 2021 22,550 $ (1,554) 4,050 (63,204) 13,031 34,863 297,564 19,493 326,793 $ December 31, 2021 185,528 $ (24,565) 160,963 $ March 31, 2022 (359,624) (3,123) 5,173 77,537 8,510 38,100 275,444 22,451 64,468 March 31, 2022 127,459 (21,175) 106,284 ¹ We define Free Cash Flow as net cash provided by (used in) operating activities, reduced by purchases of property and equipment. 2We 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. Numbers throughout presentation may not foot due to rounding. 1

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