Financial and Business Update Q1 2021

Financial Update 03 Q1 2021 highlights 49% revenue growth year-over-year $229M $341M $117M adjusted operating income, up $133M year-over-year, representing a 34% adjusted operating margin Q1 2020 Q1 2021 $117M $151M adjusted free cash flow, up $441 million year-over-year, representing a 44% adjusted free cash flow margin $151M ($16M) ($290M) Q1 2020 Q1 2021 Q1 2020 Q1 2021 Adjusted operating income (loss) and adjusted operating margin excludes stock-based compensation and related employer payroll taxes. Please see the appendix for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures.

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