Snap Inc Results Presentation Deck

Adjusted Operating Expenses¹ ADJUSTED OPERATING EXPENSES AS A % OF REVENUE 48% Q4'19 64% Q1'20 68% Q2'20 -17 PPT 50% Q3'20 40% Q4'20 48% Q1'21 Total Non-GAAP Exclusions1 OPERATING EXPENSES COMPOSITION (in millions, unaudited) Research and Development Sales and Marketing General and Administrative $271 $81 $96 $94 Q4'19 $290 $298 Total GAAP Operating Expenses $561 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. Refer to Appendix for a description of non-recurring items, including securities class actions legal charges. Numbers throughout presentation may not foot due to rounding. $102 $93 $103 Q1'20 $198 $495 $307 $87 $100 $120 Q2'20 $207 $514 +23% $338 $91 $111 $135 Q3'20 $216 $553 ADJUSTED OPERATING EXPENSES AS A % OF REVENUE DECREASED 17 PPT YOY $369 $104 $124 $141 Q4'20 $254 $623 $367 $107 $113 $147 Q1'21 $294 $661 10

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