Snap Inc Results Presentation Deck

Fourth Quarter Financial Highlights Cash Revenue Operating Performance ● ● ● ● Revenue increased 36% YoY and 31% QoQ to a record $390 million. Operating cash flow improved $50 million YoY and $6 million QoQ to $(126) million. Free Cash Flow improved $49 million YoY and $10 million QoQ to $(149) million. Change in cash balance improved $120 million YoY and $20 million QoQ to $(135) million. • Average revenue per user increased 37% YoY and 31% QoQ to $2.09. Gross margin¹ increased to a record 48%, compared to 36% in Q4 2017 and 36% in Q3 2018. • Operating loss improved $166 million YoY and $129 million QoQ to $(195) million. Net loss improved $158 million YoY and $133 million QoQ to $(192) million. • Adjusted EBITDA improved $109 million YoY and $88 million QoQ to $(50) million. Adjusted EBITDA margin improved to (13) %, compared to (56) % in Q4 2017 and (46)% in Q3 2018. Adjusted EBITDA leverage improved to 104%, compared to (6) % in Q4 2017 and (45)% in Q3 2018. ● ● ¹Excludes stock-based compensation expense and related payroll tax expense, depreciation and amortization, and certain other non-cash or non-recurring items impacting net income (loss) from time to time. STRONG FINANCIAL PERFORMANCE YOY AND QOQ 3

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