Snap Inc Results Presentation Deck

Adjusted Gross Margin¹ Adjusted Cost of Revenue¹ ADJUSTED COST OF REVENUE AS A % OF REVENUE 41% Q4'20 59% 53% Q1'21 47% 45% Q2'21 55% - 14 PPT 40% Q3'21 60% 34% Q4'21 66% 39% Q1'22 61% Total Non-GAAP Exclusions¹ COST OF REVENUE COMPOSITION ² (in millions, unaudited) Total GAAP Cost of Revenue Infrastructure Costs Advertising Partner & Other Costs $377 $141 $54 $182 Q4'20 $9 $404 $179 $51 $174 Q1'21 $8 $386 $413 ¹Excludes stock-based compensation expense and other payroll related tax expense, depreciation and amortization, and certain other non-cash or non-recurring items impacting net income (loss) from time to time. 2In Q1 2021, we updated the presentation of our cost of revenue composition. Numbers throughout presentation may not foot due to rounding. ADJUSTED GROSS MARGIN¹ IMPROVED 14 PPT YOY $437 $182 $74 $182 Q2'21 $8 $445 Content & Developer Partner Costs +2% $429 $149 $78 $202 Q3'21 $14 $443 $442 $143 $87 $212 Q4'21 $8 $449 $413 $146 $73 $194 Q1'22 $8 $421 10

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