Snap Inc Results Presentation Deck
Operating Expenses¹
OPERATING EXPENSES AS A % OF REVENUE
91%
Q4'17
112%
Q1'18
94%
Q2'18
-34 PPTS
82%
Q3'18
61%
Q4'18
77%
Q1'19
Total Non-GAAP
Exclusions¹
OPERATING EXPENSES COMPOSITION
(in millions, unaudited)
Research and Development
Sales and Marketing
General and Administrative
$261
$88
$78
$96
Q4'17
$195
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.
$257
$77
$79
$102
Q1'18
$169
$247
$75
$75
$97
Q2'18
$182
-4%
$246
$82
$68
$95
Q3'18
$178
OPERATING EXPENSES DECREASED 4% YOY AND INCREASED 4% QOQ,
WHILE REVENUE INCREASED 39% YOY AND DECREASED 18% QOQ
$238
$80
$75
$84
Q4'18
$133
$248
$82
$75
$91
Q1'19
$185
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