Snap Inc Results Presentation Deck

Free Cash Flow¹ (in millions, unaudited) YOY Change Q3'17 $(194) $(26) $(220) 6% Q4'17 $(176) $(21) $(197) (5)% Q1'18 $(232) $(36) $(268) (55)% Q2'18 $(199) $(35) $(234) (2)% Cash Used in Operating Activities Numbers throughout presentation may not foot due to rounding. 'We define Free Cash Flow as net cash provided by (used in) operating activities, reduced by purchases of property and equipment. See Appendix for reconciliation of net cash used in operating activities to Free Cash Flow. Q3'18 $(133) $(26) $(159) 28% Capital Expenditures Q4'18 $(126) $(23) $(149) 25% OPTIMIZING LONG-TERM FREE CASH FLOW; FREE CASH FLOW IMPROVED 25% YOY AND 6% QOQ 7

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