Snap Inc Results Presentation Deck

Second Quarter Financial Highlights Revenue Operating Performance Cash ● Revenue increased 116% YoY to reach $982 million in Q2 2021. ● ● Operating margin improved to (20)% in Q2 2021, compared to (68) % in Q2 2020. • Adjusted gross margin¹ improved to 55% in Q2 2021, compared to 47% in Q2 2020. Net loss improved by $174 million YoY to $(152) million in Q2 2021. Adjusted EBITDA improved by $213 million YoY to $117 million in Q2 2021. Adjusted EBITDA margin² improved to 12% in Q2 2021, compared to (21)% in Q2 2020. Average revenue per user increased 76% YoY to reach $3.35 in Q2 2021. ● Operating cash flow was $(101) million in Q2 2021, compared to $(67) million in Q2 2020. Free Cash Flow was $(116) million in Q2 2021, compared to $(82) million in Q2 2020. Ending cash, cash equivalents, and marketable securities were $3.5 billion as of June 30, 2021. ¹Excludes stock-based compensation expense and other payroll related tax expense, depreciation and amortization, and certain other non-cash or non-recurring items impacting net income (loss) from time to time. 2We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue. See Appendix for reconciliation of net loss to Adjusted EBITDA. Numbers throughout presentation may not foot due to rounding. 3

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