Snap Inc Results Presentation Deck
Adjusted
Gross
Margin¹
Adjusted Cost of Revenue¹
ADJUSTED COST OF REVENUE AS A % OF REVENUE
49%
Q3'19
51%
44%
Q4'19
56%
53%
Q1'20
47%
-3 PPT
53%
Q2'20
47%
42%
Q3'20
58%
41%
Q4'20
59%
COST OF REVENUE COMPOSITION
(in millions, unaudited)
Total Non-GAAP
Exclusions¹
Total GAAP Cost
of Revenue
Infrastructure Cost
Partner Arrangement Cost
Other
$217
$26
$45
$146
Q3'19
$6
$223
¹Excludes stock-based compensation expense and related payroll tax expense, depreciation and amortization, and certain other non-cash or non-recurring items impacting net income (loss) from time to time.
$247
$33
$58
$157
Q4'19
$6
$253
$246
$32
$50
$163
Q1'20
$7
$253
ADJUSTED GROSS MARGIN¹ IMPROVED 3 PPT YOY
+53%
$243
$27
$52
$163
Q2'20
$8
$250
$285
$36
$75
$174
Q3'20
$8
$293
$377
$48
$147
$182
Q4'20
$9
$386
10View entire presentation