Earnings Per Share |
Earnings Per Share 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, | | 2022 | | 2021 | | 2022 | | 2021 | Basic EPS | | | | | | | | Numerator: | | | | | | | | Net income (loss) attributable to AppLovin | $ | (21,748) | | | $ | 14,423 | | | $ | (137,005) | | | $ | 3,902 | | Less: | | | | | | | | Income attributable to convertible preferred stock | — | | | $ | (902) | | | — | | | $ | (731) | | Income attributable to options exercised by 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 | $ | (21,748) | | | $ | 13,295 | | | $ | (137,005) | | | $ | 3,095 | | Denominator: | | | | | | | | Weighted average common shares used to compute net income (loss) per share attributable to common stock, basic | 373,912,724 | | | 335,619,207 | | | 372,932,509 | | | 279,326,624 | | Net income (loss) per share attributable to common stock, basic | $ | (0.06) | | | $ | 0.04 | | | $ | (0.37) | | | $ | 0.01 | | Diluted EPS | | | | | | | | Numerator: | | | | | | | | Net income (loss) attributable to AppLovin | $ | (21,748) | | | $ | 14,423 | | | $ | (137,005) | | | $ | 3,902 | | Less: | | | | | | | | Income attributable to convertible preferred stock | — | | | $ | (859) | | | — | | | $ | (693) | | Income attributable to options exercises by 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 | $ | (21,748) | | | $ | 13,349 | | | $ | (137,005) | | | $ | 3,137 | | Denominator: | | | | | | | | Weighted-average shares used in computing net income (loss) per share: Basic | 373,912,724 | | | 335,619,207 | | | 372,932,509 | | | 279,326,624 | | Weighted-average dilutive stock options, RSUs, and convertible security | — | | | 18,238,607 | | | — | | | 19,179,641 | | Weighted-average shares used in computing net income (loss) per share: Diluted | 373,912,724 | | | 353,857,814 | | | 372,932,509 | | | 298,506,265 | | Net income (loss) per share attributable to common stock: Diluted | $ | (0.06) | | | $ | 0.04 | | | $ | (0.37) | | | $ | 0.01 | |
The following table presents the forms of antidilutive potential common shares: | | | | | | | | | | | | | As of June 30, | | 2022 | | 2021 | Stock options exercised for promissory notes | 1,774,999 | | | 3,484,999 | | Shares issuable upon conversion of Athena convertible security | — | | | 616,003 | | Early exercised stock options | 512,249 | | | 1,291,975 | | Unvested RSAs | 60,579 | | | 512,613 | | Stock options | 13,196,979 | | | 35,250 | | Unvested RSUs | 9,316,138 | | | — | | ESPP | 432,845 | | | 226,156 | | Total antidilutive potential common shares | 25,293,789 | | | 6,166,996 | |
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