Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Summary of Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except share and per share data):

	Three Months Ended March 31,
	2021			2020
Basic EPS
Numerator:
Net income (loss) attributable to AppLovin	$	(10,521)		$	4,664
Less:
Income attributable to convertible preferred stock		—			(1,545	)
Income attributable to options exercises by promissory notes		—			(82	)
Income attributable to unvested early exercised options		—			—
Income attributable to unvested RSA’s		—			(50	)
Net income (loss) attributable to common stock—Basic	$	(10,521	)	$	2,987
Denominator:
Weighted-average shares used in computing net income (loss) per share—Basic		222,408,568			210,898,346
Net income (loss) per share attributable to common stock—Basic	$	(0.05	)	$	0.01
Diluted EPS
Numerator:
Net income (loss) attributable to AppLovin	$	(10,521	)	$	4,664
Less:
Income attributable to convertible preferred stock		—			(1,530	)
Income attributable to options exercises by promissory notes		—			(81	)
Income attributable to unvested early exercised options		—			—
Income attributable to unvested RSA’s		—			(49	)
Net income (loss) attributable to common stock—Diluted	$	(10,521	)	$	3,004
Denominator:
Weighted-average shares used in computing net income (loss) per share—Basic		222,408,568			210,898,346
Weighted-average dilutive stock options		—			3,155,094
Weighted-average shares used in computing net income (loss) per share—Diluted		222,408,568			214,053,440
Net income (loss) per share attributable to common stock—Diluted	$	(0.05	)	$	0.01

Summary of antidilutive potential common shares

The following table presents the forms of antidilutive potential common shares:

	Three Months Ended March 31,
	2021		2020
Convertible preferred stock		109,090,908		109,090,908
Stock options exercised for promissory notes		3,874,999		5,709,999
Early exercised stock options		458,499		—
Unvested RSAs		782,895		3,252,519
Stock options		19,581,567		1,902,237
Total antidilutive potential common shares		133,788,868		119,955,663