Snap Inc Results Presentation Deck

Operating Expenses¹ OPERATING EXPENSES AS A % OF REVENUE 94% Q2'18 82% Q3'18 61% Q4'18 -21 PPTS 77% Q1'19 67% Q2'19 61% Q3'19 Total Non-GAAP Exclusions¹ OPERATING EXPENSES COMPOSITION (in millions, unaudited) Research and Development Sales and Marketing General and Administrative $247 $75 $75 $97 Q2'18 $182 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. Refer to Appendix for description of Reduction in Force Charges and Lease Exit Charges. $246 $82 $68 $95 Q3'18 $178 $238 $80 $75 $84 Q4'18 $133 OPERATING EXPENSES INCREASED 11% YOY AND 5% QOQ, WHILE REVENUE INCREASED 50% YOY AND 15% QOQ +11% $248 $82 $75 $91 Q1'19 $185 $259 $87 $81 $91 Q2'19 $219 $271 $83 $96 $92 Q3'19 $180 10

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