Snap Inc Results Presentation Deck

Net Loss & Adjusted EBITDA¹ (dollars in millions, unaudited) NET LOSS Q4'19 (43)% $(241) Net Loss Margin Q1'20 (66)% $(306) Q2'20 (72)% $(326) Q3'20 (29)% $(200) Q4'20 (12)% $(113) Q1'21 (37)% $(287) 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. Numbers throughout presentation may not foot due to rounding. ADJUSTED EBITDA Q4'19 $42 8% 54% Adjusted EBITDA Margin² Q1'20 (18)% $(81) 30% Q2'20 (21)% $(96) (25)% Q3'20 ADJUSTED EBITDA WAS $(2) MILLION IN Q1 2021 TRAILING TWELVE MONTHS ADJUSTED EBITDA WAS $125 MILLION $56 8% 42% Q4'20 $166 18% 35% Q1'21 0% $(2) 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 other payroll related 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. 26% 11

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