Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Basic EPS
Numerator:
Net income (loss) attributable to AppLovin	$	14,423	$	(21,391)	$	3,902	$	(16,727)
Less:
Income attributable to convertible preferred stock	(902)		—		(731)		—
Income attributable to options exercised via promissory notes	(140)		—		(55)		—
Income attributable to unvested early exercised options	(61)		—		(12)		—
Income attributable to unvested RSA’s	(25)		—		(9)		—
Net income (loss) attributable to common stock—Basic	$	13,295	$	(21,391)	$	3,095	$	(16,727)
Denominator:
Weighted-average shares used in computing net income (loss) per share—Basic	335,619,207		213,440,147		279,326,624		212,169,247
Net income (loss) per share attributable to common stock—Basic	$	0.04	$	(0.10)	$	0.01	$	(0.08)
Diluted EPS
Numerator:
Net income (loss) attributable to AppLovin	$	14,423	$	(21,391)	$	3,902	$	(16,727)
Less:
Income attributable to convertible preferred stock	(859)		—		(693)		—
Income attributable to options exercised via promissory notes	(132)		—		(53)		—
Income attributable to unvested early exercised options	(59)		—		(11)		—
Income attributable to unvested RSA’s	(24)		—		(8)		—
Net income (loss) attributable to common stock—Diluted	$	13,349	$	(21,391)	$	3,137	$	(16,727)
Denominator:
Weighted-average shares used in computing net income (loss) per share—Basic	335,619,207		213,440,147		279,326,624		212,169,247
Weighted-average dilutive stock options, RSUs, warrants and other convertible securities	18,238,607		—		19,179,641		—
Weighted-average shares used in computing net income (loss) per share—Diluted	353,857,814		213,440,147		298,506,265		212,169,247
Net income (loss) per share attributable to common stock—Diluted	$	0.04	$	(0.10)	$	0.01	$	(0.08)

Summary of Antidilutive Potential Common Shares

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

	As of June 30,
	2021	2020
Convertible preferred stock	—	109,090,908
Stock options exercised for promissory notes	3,484,999	5,709,999
Shares issuable upon conversion of Athena convertible security	616,003	—
Early exercised stock options	1,291,975	6,789
Unvested RSAs	512,613	2,580,582
Stock options	35,250	23,154,934
ESPP	226,156	—
Total antidilutive potential common shares	6,166,996	140,543,212