Snap Inc Results Presentation Deck

Cost of Revenue¹ (unaudited) Cost of Revenue Composition (in millions) Infrastructure Cost Revenue Share Cost Other SBC-Related Expense D&A Expense Inventory-Related Charges Total $142 $20 $23 $99 Q1'17 $20 $2 $22 $147 $18 $23 $106 Q2'17 $2 $3 $5 $164 $21 $22 $121 Q3'17 $2 $5 $40 $47 $184 $25 $28 $131 Q4'17 $2 $5 $7 $191 $20 $32 $139 Q1'18 $5 $5 $184 $25 $24 $136 Q2'18 $2 $6 $8 Infrastructure Cost per DAU $0.60 $0.61 $0.68 $0.70 $0.73 $0.72 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Focused on Operational Efficiencies and Unit Cost Economics ¹Excludes stock-based compensation expense and related payroll tax expense (SBC-Related Expense), depreciation and amortization (D&A Expense), and certain other non-cash or non-recurring items impacting net income (loss) from time to time. 11

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