Snap Inc Results Presentation Deck

Net Income (Loss) & Adjusted EBITDA¹ (dollars in millions, unaudited) NET INCOME (LOSS) $23 2% Q4'21 Net Income (Loss) Margin (34)% $(360) Q1'22 (38)% $(422) Q2'22 (32)% $(360) Q3'22 (22)% $(288) Q4'22 (33)% $(329) Q1'23 ADJUSTED EBITDA¹ $327 25% Q4'21 Adjusted EBITDA Margin² $64 6% Q1'22 $7 1% Q2'22 $73 8 CONSECUTIVE QUARTERS OF POSITIVE ADJUSTED EBITDA 6% Q3'22 $233 18% Q4'22 $1 0.1% Q1'23 'Adjusted EBITDA is a non-GAAP measure, which we define as net income (loss), excluding 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; and certain other non-cash or non-recurring items impacting net income (loss) from time to time. In Q3 2022 and Q4 2022, non-recurring items included restructuring charges of $155 million and $34 million, respectively. See Appendix for reconciliation of net loss to Adjusted EBITDA. ²Adjusted EBITDA margin is a non-GAAP measure, which we define as Adjusted EBITDA divided by GAAP revenue. Numbers throughout presentation may not foot due to rounding. 12

View entire presentation