Snap Inc Results Presentation Deck

Adjusted Operating Expense Margin and Adjusted Operating Expenses¹ ADJUSTED OPERATING EXPENSE MARGIN ¹ Adjusted Operating Expenses¹ as a % of Revenue 56% Q2'21 44% 57% Q3'21 43% 59% Q4'21 41% - 10 PPT 45% Q1'22 55% 40% Q2'22 60% 46% Q3'22 54% Total Non-GAAP Exclusions¹ ADJUSTED OPERATING EXPENSES¹ COMPOSITION (in millions, unaudited) Research and Development Sales and Marketing General and Administrative $427 $126 $134 $167 Q2'21 $302 $464 $127 $156 $182 Q3'21 $341 $530 $141 $189 $199 Q4'21 $344 +32% ADJUSTED OPERATING EXPENSES DECLINED $55 MILLION QOQ $586 $161 $189 $235 Q1'22 $328 $665 $199 $212 $255 Q2'22 $400 $610 $174 $192 $244 Q3'22 $487 Total GAAP Operating Expenses $730 $805 $874 $913 $1,065 $1,097 ¹We define adjusted operating expense margin as GAAP revenue less adjusted operating expenses, and as a percentage, divided by GAAP revenue. Adjusted operating expenses excludes stock-based compensation expense, payroll and other tax expense related to stock-based compensation, depreciation and amortization, and certain other non-cash or non-recurring items impacting net income (loss) from time to time. In Q3 2022, non-recurring items included restructuring charges of $141 million. See Appendix for further detail. Numbers throughout presentation may not foot due to rounding. 11

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