Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation (in thousands, unaudited) Free Cash Flow Reconciliation Net cash used in operating activities Less: Purchases of property and equipment Free Cash Flow¹ Adjusted EBITDA Reconciliation Net loss Add (deduct): Interest income Interest expense Other (income) expense, net Income tax (benefit) expense Depreciation and amortization Stock-based compensation expense Payroll tax expense related to stock-based compensation Adjusted EBITDA² $ $ $ June 30, 2020 (66,554) $ (15,767) (82,321) $ June 30, 2020 September 30, 2020 (4,768) 24,727 (3,575) (325,951) $ September 30, 2020 (54,828) S (14,727) (69,555) $ (1,041) 20,925 186,171 7,942 (95,570) $ December 31, 2020 Three Months Ended (199,853) $ (2,801) 28,212 5,669 909 21,804 192,080 10,341 56,361 $ (52,545) $ (16,447) (68,992) $ December 31, 2020 Three Months Ended (113,099) $ (1,969) 29,176 March 31, 2021 (29,471) 18,127 22,811 219,882 20,152 165,609 $ 136,886 $ (10,851) 126,035 $ March 31, 2021 (286,882) $ (1,137) 5,031 (22,058) 1,440 23,498 237,073 41,326 (1,709) $ June 30, 2021 (101,086) $ (14,623) (115,709) $ June 30, 2021 (151,664) S (1,251) 4,564 (42,282) (1,879) 28,270 256,600 25,045 117,403 $ September 30, 2021 71,552 (19,836) 51,716 September 30, 2021 (71,959) (1,257) 4,031 (112,631) 992 32,510 300,898 21,615 174,199 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. Securities class actions legal charges related to a preliminary agreement to settle the securities class actions that arose following our IPO. Charges recorded are net of amounts directly covered by insurance. These charges are non-recurring and not reflective of underlying trends in our business. Numbers throughout presentation may not foot due to rounding. 1

View entire presentation