Snap Inc Results Presentation Deck
Net Loss & Adjusted EBITDA¹
(dollars in millions, unaudited)
NET LOSS
Q3'19
(51)%
$(227)
Net Loss Margin
Q4'19
(43)%
$(241)
Q1'20
(66)%
$(306)
Q2'20
(72)%
$(326)
Q3'20
(29)%
$(200)
Q4'20
(12)%
$(113)
Adjusted
EBITDA
Leverage³
ADJUSTED EBITDA
Q3'19
(9)%
$(42)
65%
Adjusted EBITDA Margin²
Q4'19
8%
$42
54%
Q1'20
(18)%
$(81)
30%
Q2'20
(21)%
$(96)
(25)%
Q3'20
8%
$56
42%
ADJUSTED EBITDA WAS $166 MILLION IN Q4 2020,
2020 IS THE FIRST FULL YEAR OF ADJUSTED EBITDA PROFITABILITY AT $45 MILLION
Q4'20
$166
18%
35%
'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 related payroll 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.
2 We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue.
³We define Adjusted EBITDA leverage as the year-over-year change in Adjusted EBITDA divided by the year-over-year change in GAAP revenue.
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