Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation - Quarterly (in thousands, unaudited) Adjusted EBITDA Reconciliation Net income (loss) Add (deduct): Interest income Interest expense Other (income) expense, net Income tax (benefit) expense Depreciation and amortization Stock-based compensation expense Payroll and other tax expense related to stock-based compensatior Adjusted EBITDA² Free Cash Flow Reconciliation Net cash used in operating activities Less: Purchases of property and equipment Free Cash Flow¹ $ $ $ $ March 31, 2021 (286,882) $ (1,137) 5,031 (22,058) 1,440 23,498 237,073 41,326 (1,709) $ March 31, 2021 136,886 $ (10,851) 126,035 $ June 30, 2021 (151,664) $ (1,251) 4,564 (42,282) (1,879) 28,270 256,600 25,045 117,403 $ June 30, 2021 (101,086) $ (14,623) (115,709) $ Three Months Ended September 30, 2021 (71,959) $ (1,257) 4,031 (112,631) 992 32,510 300,898 21,615 174,199 $ Three Months Ended September 30, 2021 71,552 $ (19,836) 51,716 $ December 31, 2021 22,550 $ (1,554) 4,050 (63,204) 13,031 34,863 297,564 19,493 326,793 $ December 31, 2021 185,528 $ (24,565) 160,963 $ March 31, 2022 (359,624) $ (3,123) 5,173 77,537 8,510 38,100 275,444 22,451 64,468 $ March 31, 2022 127,459 $ (21,175) 106,284 $ June 30, 2022 (422,067) (8,331) 5,549 16,910 6,999 79,291 318,810 10,029 7,190 June 30, 2022 (124,081) (23,370) (147,451) ¹ We define Free Cash Flow as net cash provided by (used in) operating activities, reduced by purchases of property and equipment. 2We 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 other payroll related tax expense; 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. 1

View entire presentation