Snap Inc Results Presentation Deck
Net Loss & Adjusted EBITDA¹
(dollars in millions, unaudited)
NET LOSS
Operating Margin
Q1'19
Q2'19
j
(79)%
(99)%
$(255)
$(310)
Q3'19
(51)%
$(227)
Q4'19
(45)%
$(241)
Q1'20
(62)%
$(306)
Q2'20
(68)%
$(326)
Adjusted
EBITDA
Leverage³
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.
ADJUSTED EBITDA
Q1'19
(39)%
$(123)
105%
Adjusted EBITDA Margin²
Q2'19
(20)%
$(79)
72%
Q3'19
(9)%
$(42)
65%
Q4'19
$42
ADJUSTED EBITDA WAS $(96) MILLION IN Q2 2020,
ADJUSTED EBITDA MARGIN WAS (21%) IN Q2 2020
8%
54%
Q1'20
(18)%
$(81)
30%
Q2'20
(21)%
$(96)
'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.
(25)%
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