Snap Inc Results Presentation Deck

First Quarter Financial Highlights Cash Revenue Operating Performance ● ● • Average revenue per user increased 39% YoY to $1.68. ● Operating cash flow improved $166 million YoY to $(66) million. Free Cash Flow improved $190 million YoY to $(78) million. Change in cash balance improved $151 million YoY to $(70) million. Gross margin¹ increased to 39%, compared to 17% in Q1 2018. • Operating loss improved $76 million YoY to $(316) million. Net loss improved $75 million YoY to $(310) million. Adjusted EBITDA improved $94 million YoY to $(123) million. • Adjusted EBITDA margin improved to (39) %, compared to (94)% in Q1 2018. • Adjusted EBITDA leverage improved to 105%, compared to (37)% in Q1 2018. ● Revenue increased 39% YoY to $320 million. ● 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. 3

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