Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation (Continued) (in thousands, except per share amounts, unaudited) Non-GAAP Net Loss Reconciliation Net loss Amortization of intangible assets Stock-based compensation expense Payroll tax expense related to stock-based compensation Gain on divestiture Lease exit charges Income tax adjustments Non-GAAP net loss¹ Weighted-average common shares - Diluted Non-GAAP diluted net loss per share reconciliation GAAP diluted net loss per share Non-GAAP adjustment to net loss Non-GAAP diluted net loss per share¹ $ $ $ $ June 30, 2018 (353,310) $ 10,754 156,371 5,997 3,928 (339) (176,599) $ 1,294,846 September 30, 2018 June 30, 2018 (0.27) $ 0.13 (0.14) $ (325,148) $ 10,610 126,809 3,947 29,340 (253) (154,695) $ 1,309,918 September 30, 2018 (0.25) $ 0.13 (0.12) $ Three Months Ended December 31, 2018 (191,668) $ 10,441 121,772 2,015 (2,125) 84 (59,481) $ 1,324,858 Three Months Ended December 31, 2018 March 31, 2019 (0.14) $ 0.10 (0.04) $ (310,407) $ 10,369 162,556 6,737 (115) (130,860) $ 1,340,615 March 31, 2019 (0.23) $ 0.13 (0.10) $ June 30, 2019 (255,174) $ 9,048 195,574 7,871 (39,883) September 30, 2019 376 (82,188) $ 1,362,544 June 30, 2019 (227,375) 6,915 161,228 4,604 (0.19) $ 0.13 (0.06) $ 200 (54,428) 1,392,864 September 30, 2019 ¹ We define Non-GAAP Net Loss as net income (loss); excluding amortization of intangible assets; stock-based compensation expense and related payroll tax expense; certain other non-cash or non-recurring items impacting net income (loss) from time to time; and related income tax adjustments. Non-recurring items include lease exit charges as described in the preceding slide. Non-GAAP Net Loss and weighted average diluted shares are then used to calculate Non-GAAP diluted net loss per share. (0.16) 0.12 (0.04) 2

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