Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Schedule 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,
	2023		2022		2023		2022
Basic EPS
Numerator:
Net income (loss) attributable to AppLovin	$	80,357	$	(21,748)	$	75,839	$	(137,005)
Less:
Income attributable to options exercises by promissory notes	(314)		—		(290)		—
Income attributable to unvested early exercised options	(4)		—		(9)		—
Net income (loss) attributable to AppLovin common stockholders—Basic	$	80,039	$	(21,748)	$	75,540	$	(137,005)
Denominator:
Weighted-average shares used in computing net income (loss) per share—Basic	356,957,059		373,912,724		365,013,736		372,932,509
Net income (loss) per share attributable to common stock—Basic	$	0.22	$	(0.06)	$	0.21	$	(0.37)
Diluted EPS
Numerator:
Net income (loss) attributable to AppLovin	80,357		(21,748)		75,839		(137,005)
Less:
Income attributable to options exercises by promissory notes	(306)		—		(284)		—
Income attributable to unvested early exercised options	(4)		—		(8)		—
Net income (loss) attributable to AppLovin common stockholders—Diluted	$	80,047	$	(21,748)	$	75,547	$	(137,005)
Denominator:
Weighted-average shares used in computing net income (loss) per share—Basic	356,957,059		373,912,724		365,013,736		372,932,509
Weighted-average dilutive stock options and RSUs	9,383,216		—		8,008,464		—
Weighted-average shares used in computing net income (loss) per share—Diluted	366,340,275		373,912,724		373,022,200		372,932,509
Net income (loss) per share attributable to AppLovin common stockholders—Diluted	$	0.22	$	(0.06)	$	0.20	$	(0.37)

Schedule of Antidilutive Potential Common Shares

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


	As of June 30,
	2023	2022
Stock options exercised for promissory notes	1,399,999	1,774,999
Early exercised stock options	8,324	512,249
Unvested RSAs	—	60,579
Stock options	955,658	13,196,979
Unvested RSUs and other	5,547,615	9,316,138
ESPP	750,149	432,845
Total antidilutive potential common shares	8,661,745	25,293,789