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Net Income (Loss) Per Share (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2021 | Dec. 31, 2020
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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2021 |  |  | 2020 |  |  | 2021 |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to AppLovin |  | $ | (89,688 | ) |  | $ | 178 |  |  | $ | (106,415 | ) |  | $ | 4,080 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income attributable to convertible preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (499 | )
Income attributable to options exercised via promissory notes |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (49 | )
Income attributable to unvested early exercised options |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (13 | )
Income attributable to unvested RSA’s |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (7 | )
Net income (loss) attributable to common stock—Basic |  | $ | (89,688 | ) |  | $ | 177 |  |  | $ | (106,415 | ) |  | $ | 3,512 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used in computing net income (loss) per share—Basic |  |  | 214,638,272 |  |  |  | 368,427,532 |  |  |  | 212,998,263 |  |  |  | 309,353,304 |
Net income (loss) per share attributable to common stock—Basic |  | $ | (0.42 | ) |  | $ | 0.00 |  |  | $ | (0.50 | ) |  | $ | 0.01 |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2021 |  |  | 2020 |  |  | 2021 |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to AppLovin |  | $ | (89,688 | ) |  | $ | 178 |  |  | $ | (106,415 | ) |  | $ | 4,080 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income attributable to convertible preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (475 | )
Income attributable to options exercised via promissory notes |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (47 | )
Income attributable to unvested early exercised options |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (12 | )
Income attributable to unvested RSA’s |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (7 | )
Net income (loss) attributable to common stock—Diluted |  | $ | (89,688 | ) |  | $ | 177 |  |  | $ | (106,415 | ) |  | $ | 3,539 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used in computing net income (loss) per share—Basic |  |  | 214,638,272 |  |  |  | 368,427,532 |  |  |  | 212,998,263 |  |  |  | 309,353,304 |
Weighted-average dilutive stock options, RSUs, warrants and other convertible securities |  |  | — |  |  |  | 15,897,253 |  |  |  |  |  |  |  | 18,073,488 |
Weighted-average shares used in computing net income (loss) per share—Diluted |  |  | 214,638,272 |  |  |  | 384,324,785 |  |  |  | 212,998,263 |  |  |  | 327,426,792 |
Net income (loss) per share attributable to common stock—Diluted |  | $ | (0.42 | ) |  | $ | 0.00 |  |  | $ | (0.50 | ) |  | $ | 0.01 |
| The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders for the years ended December 31, 2018, 2019 and 2020 (in thousands, except share and per share data):
|  | Year Ended December 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
Basic EPS |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (259,995 | ) |  | $ | 119,040 |  |  | $ | (125,187 | )
Less: |  |  |  |  |  |  |  |  |  |  |  |
Income attributable to convertible preferred stock |  |  | — |  |  |  | (39,500 | ) |  |  | — |
Income attributable to options exercises by promissory notes |  |  | — |  |  |  | (1,088 | ) |  |  | — |
Income attributable to unvested early exercised options |  |  | — |  |  |  | (39 | ) |  |  | — |
Income attributable to unvested RSA’s |  |  | — |  |  |  | (2,037 | ) |  |  | — |
Net income (loss) attributable to common stock |  | $ | (259,995 | ) |  | $ | 76,376 |  |  | $ | (125,187 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used in computing net income (loss) per share: Basic |  |  | 189,533,630 |  |  |  | 210,937,147 |  |  |  | 214,936,545 |
Net income (loss) per share attributable to common stock: Basic |  | $ | (1.37 | ) |  | $ | 0.36 |  |  | $ | (0.58 | )
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (259,995 | ) |  | $ | 119,040 |  |  | $ | (125,187 | )
Less: |  |  |  |  |  |  |  |  |  |  |  |
Income attributable to convertible preferred stock |  |  | — |  |  |  | (39,329 | ) |  |  | — |
Income attributable to options exercises by promissory notes |  |  | — |  |  |  | (1,083 | ) |  |  | — |
Income attributable to unvested early exercised options |  |  | — |  |  |  | (39 | ) |  |  | — |
Income attributable to unvested RSA’s |  |  | — |  |  |  | (2,028 | ) |  |  | — |
Net income (loss) attributable to common stock |  | $ | (259,995 | ) |  | $ | 76,561 |  |  | $ | (125,187 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used in computing net income (loss) per share: Basic |  |  | 189,533,630 |  |  |  | 210,937,147 |  |  |  | 214,936,545 |
Weighted-average dilutive stock options |  |  | — |  |  |  | 1,428,282 |  |  |  | — |
Weighted-average shares used in computing net income (loss) per share: Diluted |  |  | 189,533,630 |  |  |  | 212,365,429 |  |  |  | 214,936,545 |
Net income (loss) per share attributable to common stock: Diluted |  | $ | (1.37 | ) |  | $ | 0.36 |  |  | $ | (0.58 | )
Summary of Antidilutive Potential Common Shares | The following table presents the forms of antidilutive potential common shares:
|  | As of September 30, |
|  | 2020 |  |  | 2021 |
Convertible preferred stock |  |  | 109,090,908 |  |  |  | — |
Stock options exercised for promissory notes |  |  | 7,862,499 |  |  |  | 2,884,999 |
Shares issuable upon conversion of Athena convertible security |  |  | — |  |  |  | 334,946 |
Early exercised stock options |  |  | 19,800 |  |  |  | 879,600 |
Unvested RSAs |  |  | 1,908,687 |  |  |  | 242,316 |
Stock options |  |  | 20,439,544 |  |  |  | 23,736 |
Unvested RSUs |  |  | — |  |  |  | 2,828 |
ESPP |  |  | — |  |  |  | 223,448 |
Total antidilutive potential common shares |  |  | 139,321,438 |  |  |  | 4,591,873 |
| The following table presents the forms of antidilutive potential common shares:
|  | Year Ended December 31, |
|  | 2019 |  |  | 2020 |
Convertible preferred stock |  |  | 109,090,908 |  |  |  | 109,090,908 |
Options exercised for promissory notes |  |  | 5,760,000 |  |  |  | 8,022,499 |
Early exercised options |  |  | 11,337 |  |  |  | 19,800 |
Unvested RSAs |  |  | 3,924,414 |  |  |  | 1,236,771 |
Options |  |  | 7,439,700 |  |  |  | 20,754,985 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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