Snap Inc Results Presentation Deck

Operating Expenses¹ (in millions, unaudited) OPERATING EXPENSES AS A % OF REVENUE 126% Q2'17 107% Q3'17 91% Q4'17 -25 PPTS 112% Q1'18 94% Q2'18 82% Q3'18 Total Non-GAAP Exclusions¹ OPERATING EXPENSES COMPOSITION Research and Development Sales and Marketing General and Administrative $229 $74 $69 $86 Q2'17 $250 $223 $66 $71 $87 Q3'17 $236 $261 $88 $78 $96 Q4'17 $195 ¹Excludes stock-based compensation expense and related payroll tax expense (SBC-Related Expense) and depreciation and amortization (D&A Expense) 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. +10% $257 $77 $79 $102 Q1'18 $169 $247 $75 $75 $97 Q2'18 $182 $246 $82 $68 $95 Q3'18 $178 OPERATING EXPENSES INCREASED 10% YOY AND DECREASED 1% QOQ, WHILE REVENUE INCREASED 43% YOY AND 14% QOQ FIXED COST LEVERAGE CONTINUES TO IMPROVE 12

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