Snap Inc Results Presentation Deck

Adjusted EBITDA¹ (in millions, unaudited) Q3'17 Q2'17 Q118 (56)% (64)% (94)% (107)% - 11 $(159) $(169) $(194) $(218) (86)% $(179) Q4'17 Q2'18 Adjusted EBITDA Margin '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. Q3'18 (46)% $(138) ADJUSTED EBITDA IMPROVED $41 MILLION YOY, AND ADJUSTED EBITDA MARGIN IMPROVED 40 PPTS YOY 13

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