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  "documentTitle": "Snap Inc | Results Presentation Deck | 20 slides",
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  "authorName": "Snap Inc.",
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  "presentationDate": "2022-04-01 00:00:00",
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  "notes": "Includes footnotes defining Adjusted EBITDA, margins, and leverage calculations.",
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      "text": "ADJUSTED EBITDA WAS $64 MILLION IN Q1 2022\nTRAILING TWELVE MONTHS ADJUSTED EBITDA WAS $683 MILLION",
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      "text": "1. 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 other payroll related 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.\n2. We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue.\n3. We define Net Income (Loss) leverage as the year-over-year change in Net Income (Loss) divided by the year-over-year change in GAAP revenue.\n4. We define Adjusted EBITDA leverage as the year-over-year change in Adjusted EBITDA divided by the year-over-year change in GAAP revenue.\nNumbers throughout presentation may not foot due to rounding.",
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