Snap Inc Results Presentation Deck

Non-GAAP Financial Measures Reconciliation (continued) (in thousands, unaudited) Non-GAAP net loss reconciliation: Net loss Amortization of intangible assets Stock-based compensation expense Payroll tax expense related to stock-based compensation les inventory-related Reduction in force charges Income tax adjustments Non-GAAP net loss¹ Weighted-average common shares - Diluted Non-GAAP diluted net loss per share reconciliation Diluted net loss per share Non-GAAP adjustment to net loss Non-GAAP diluted net loss per share¹ $ $ March 31, 2017 (1,567) $ (191,993) $ $ (2,208,837) $ 5,337 1,992,121 20,953 955,003 March 31, 2017 (2.31) $ 2.11 (0.20) $ June 30, 2017 Three Months Ended September 30, 2017 (443,093) $ 5,767 245,028 (2,585) (623) (195,506) $ 1,223,443 June 30, 2017 (0.36) $ 0.20 (0.16) $ (443,159) $ 9,743 221,702 3,890 39,867 December 31, 2017 (123) (168,080) $ 1,232,993 Three Months Ended September 30, 2017 (349,977) 10,607 181,044 2,212 (0.36) $ 0.22 (0.14) $ 60 (156,054) $ 1,247,017 December 31, 2017 $ (0.28) $ 0.15 (0.13) $ March 31, 2018 (385,785) 10,824 133,258 9,968 9,884 220 (221,631) 1,270,998 March 31, 2018 (0.30) 0.13 (0.17) 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. Spectacles inventory-related charges were primarily related to excess inventory reserves and inventory purchase commitment cancellation charges. Reduction in force charges were related to a reduction in force plan we implemented during March 2018, impacting approximately 7% of our global headcount, primarily in engineering and sales. The charges were composed primarily of severance expense and related payroll tax expense. These charges are non-recurring and not reflective of underlying trends in our business. Additionally, we recognized a stock-based compensation forfeiture benefit of $31.5 million, which is included in the stock-based compensation expense line item above. Non-GAAP Net Loss and weighted average diluted shares are then used to calculate Non-GAAP diluted net loss per share. 2

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