Snap Inc Results Presentation Deck

GAAP Gross Margin Adjusted Gross Margin¹ & Adjusted Gross Profit¹ (dollars in millions) ADJUSTED GROSS MARGIN 23% 2017 13% 35 PPT margin expansion 35% 2018 32% 49% 2019 48% 54% 2020 53% 58% 2021 57% ADJUSTED GROSS PROFIT GAAP Gross Profit $189 2017 $107 More than 12x growth in gross profit $413 2018 $382 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. Numbers throughout presentation may not foot due to rounding. $848 2019 $820 ADJUSTED GROSS PROFIT INCREASED 77% YOY TO $2.4 BILLION $1,357 2020 $1,324 $2,405 2021 $2,367 18

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