Snap Inc Results Presentation Deck
Net Loss
Leverage³
Net Loss & Adjusted EBITDA¹
(dollars in millions, unaudited)
NET LOSS
Q2'20
(72)%
$(326)
(107)%
Net Loss Margin
Q3'20
(29)%
$(200)
12%
Q4'20
(12)%
$(113)
36%
Q1'21
(37)%
$(287)
6%
Q2'21
(15)%
$(152)
33%
Q3'21
(7)%
$(72)
33%
Adjusted
EBITDA
Leverage4
2 We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue.
3We define Net Loss leverage as the year-over-year change in Net Loss divided by the year-over-year change in GAAP revenue.
"We define Adjusted EBITDA leverage as the year-over-year change in Adjusted EBITDA divided by the year-over-year change in GAAP revenue.
ADJUSTED EBITDA
Q2'20
(21)%
$(96)
(25)%
Adjusted EBITDA Margin²
Q4'20
$166
Q3'20
$56
8%
42%
18%
35%
Q1'21
ADJUSTED EBITDA WAS $174 MILLION IN Q3 2021
TRAILING TWELVE MONTHS ADJUSTED EBITDA WAS $456 MILLION
0%
$(2)
26%
Q2'21
$117
12%
40%
Q3'21
$174
16%
'We define Adjusted EBITDA as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; stock-based compensation expense and other payroll related tax expense; and certain other non-cash or non-recurring items impacting net
income (loss) from time to time. See Appendix for reconciliation of net loss to Adjusted EBITDA.
30%
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