Snap Inc Results Presentation Deck

Adjusted EBITDA¹ (in millions, unaudited) QUARTERLY ADJUSTED EBITDA Q1'18 (94)% $(218) Q2'18 (64)% $(169) Q3'18 (46)% $(138) Q4'18 (13)% $(50) Q1'19 (39)% $(123) Adjusted EBITDA Margin Q2'19 (20)% $(79) 'We 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 related payroll tax expense; and certain other non-cash or non-recurring items impacting net income (loss) from time to time. See Appendix for reconciliation of net loss to Adjusted EBITDA. ADJUSTED EBITDA IMPROVED $90 MILLION YOY, AND ADJUSTED EBITDA MARGIN IMPROVED 44 PPTS YOY 13

View entire presentation