• Snap average ebit margin for 2024 was -21.75%, a 32.09% decline from 2023.
• Snap average ebit margin for 2023 was -32.03%, a 43.05% decline from 2022.
• Snap average ebit margin for 2022 was -22.39%, a 2.57% increase from 2021.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues