Snap Inc Results Presentation Deck
Diluted Net Income (Loss) Per Share &
Common Shares Outstanding Plus Shares Underlying Stock-Based Awards
(in millions, except per share data, unaudited)
DILUTED NET INCOME (LOSS) PER SHARE ¹
Q1'21
$(0.19)
Q2'21
$(0.10)
Q3'21
$(0.05)
Q4'21
$0.01
Q1'22
$(0.22)
Q2'22
$(0.26)
YOY Change
YOY Change excluding
exchange shares³
COMMON SHARES OUTSTANDING PLUS SHARES
UNDERLYING STOCK-BASED AWARDS
Common Shares Outstanding
1,629
110
1,519
Q1'21
2.6%
2.6%
1,681
104
1,577
Q2'21
4.0%
1.7%
1,698
93
1,605
Q3'21
4.6%
1.3%
Shares Underlying Stock-Based Awards²
1,702
83
1,619
Q4'21
4.4%
1.2%
1,708
75
$500M SHARE REPURCHASE PROGRAM AUTHORIZED TO PARTIALLY OFFSET DILUTION FROM
STOCK-BASED COMPENSATION
1,633
Q1'22
4.8%
1.3%
¹Diluted net loss per share is calculated using weighted average shares outstanding during the period. Diluted net income per share in Q4 includes 64 million shares in excess of weighted average shares outstanding during the period primarily related to unvested or unexercised stock-based awards.
2Shares underlying stock-based awards include restricted stock units, restricted stock awards, and outstanding stock options.
³YOY change in Q2 2021 excludes approximately 38 million shares, while YoY changes in Q3 2021, Q4 2021, Q1 2022 and Q2 2022 exclude approximately 52 million shares issued as part of the induced conversions of convertible notes.
Numbers throughout presentation may not foot due to rounding.
1,737
92
1,645
Q2'22
3.3%
2.5%
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