Snap Inc Results Presentation Deck
Net Loss & Adjusted EBITDA¹
(dollars in millions, unaudited)
NET LOSS
Q2'19
(66)%
$(255)
Net Loss Margin
Q3'19
(51)%
$(227)
Q4'19
(43)%
$(241)
Q1'20
(66)%
$(306)
Q2'20
(72)%
$(326)
Q3'20
(29)%
$(200)
Adjusted
EBITDA
Leverage³
2 We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue.
³We define Adjusted EBITDA leverage as the year-over-year change in Adjusted EBITDA divided by the year-over-year change in GAAP revenue.
ADJUSTED EBITDA
Q2'19
(20)%
2
$(79)
72%
Adjusted EBITDA Margin²
Q3'19
(9)%
$(42)
65%
Q4'19
$42
8%
54%
Q1'20
ADJUSTED EBITDA WAS $56 MILLION IN Q3 2020,
ADJUSTED EBITDA MARGIN WAS 8% IN Q3 2020
(18)%
$(81)
30%
Q2'20
(21)%
$(96)
(25)%
Q3'20
$56
8%
'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.
42%
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