Snap Inc Results Presentation Deck

Adjusted EBITDA¹ (in millions, unaudited) Adjusted EBITDA Margin Q1'17 (126)% $(188) Q2'17 (107)% $(194) Q3'17 (86)% $(179) Q4'17 (56)% $(159) Q1'18 (94)% $(218) Q2'18 (64)% $(169) Adjusted EBITDA Improved $25 Million YoY, and Adjusted EBITDA Margin Improved 43 ppts YoY ¹We 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. 13

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