Snap Inc Results Presentation Deck

Third Quarter Financial Summary Revenue Operating Performance Cash ● Revenue increased 6% YoY to $1,128 million in Q3 2022. ● ● ● Average revenue per user was $3.11 in Q3 2022, compared to $3.49 in Q3 2021. Operating margin was (39) % in Q3 2022, compared to (17) % in Q3 2021. Adjusted gross margin¹ improved to 61% in Q3 2022, compared to 60% in Q3 2021. Net loss was $360 million in Q3 2022, including restructuring charges of $155 million, compared to $72 million in Q3 2021. Adjusted EBITDA2 was $73 million in Q3 2022, compared to $174 million in Q3 2021. Adjusted EBITDA margin² was 6% in Q3 2022, compared to 16% in Q3 2021. Operating cash flow was $56 million in Q3 2022, compared to $72 million in Q3 2021. Free Cash Flow² was $18 million in Q3 2022, compared to $52 million in Q3 2021. Cash, cash equivalents, and marketable securities were $4.4 billion as of September 30, 2022. ¹We define adjusted gross margin as GAAP revenue less adjusted cost of revenue, and as a percentage, divided by GAAP revenue. Adjusted cost of revenue excludes stock-based compensation expense, payroll and other tax expense related to stock-based compensation, depreciation and amortization, and certain other non-cash or non-recurring items impacting net income (loss) from time to time. 2We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue. See Appendix for reconciliations of net loss to Adjusted EBITDA and net cash provided by (used in) operating activities to Free Cash Flow.. Quarterly information is unaudited. Numbers throughout presentation may not foot due to rounding. TRAILING TWELVE MONTHS ADJUSTED EBITDA WAS $471 MILLION FREE CASH FLOW WAS $18 MILLION IN Q3 2022, WHICH INCLUDES THE IMPACT OF $53 MILLION CASH PAID FOR RESTRUCTURING ACTIVITIES 3

View entire presentation