Snap Inc Results Presentation Deck
Net Income (Loss) & Adjusted EBITDA¹
(dollars in millions, unaudited)
NET INCOME (LOSS)
(34)%
$(360)
Q1'22
Net Income (Loss) Margin
(38)%
$(422)
Q2'22
(32)%
$(360)
Q3'22
(22)%
$(288)
Q4'22
(33)%
$(329)
Q1'23
(35)%
$(377)
Q2'23
ADJUSTED EBITDA¹
$64
6%
Q1'22
Adjusted EBITDA Margin²
$7
1%
Q2'22
$73
ADJUSTED EBITDA WAS $(38) MILLION IN Q2 2023
6%
Q3'22
$233
18%
Q4'22
$1
0.1%
Q1'23
(4)%
$(38)
Q2'23
'Adjusted EBITDA is a non-GAAP measure, which we define as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; stock-based compensation expense; payroll and other tax expense related to stock-based
compensation; and certain other non-cash or non-recurring items impacting net income (loss) from time to time. In Q3 2022 and Q4 2022, non-recurring items included restructuring charges of $155 million and $34 million, respectively. See Appendix for reconciliation of net loss to Adjusted EBITDA.
²Adjusted EBITDA margin is a non-GAAP measure, which we define as Adjusted EBITDA divided by GAAP revenue.
Numbers throughout presentation may not foot due to rounding.
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