PLAYSTUDIOS, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

NET LOSS PER SHARE

3 Months Ended

Mar. 31, 2023

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


	Three Months Ended March 31, 2023				Three Months Ended March 31, 2022

	Class A		Class B			Class A		Class B
Numerator

Net loss attributable to common stockholders – basic	$	(2,250)	$	(320)		$	(21,992)	$	(3,220)
Potential dilutive effect of derivative instruments	—		—			—		—
Net loss attributable to common stockholders – diluted	$	(2,250)	$	(320)		$	(21,992)	$	(3,220)
Denominator
Weighted average shares of common stock outstanding - basic	115,673		16,458			110,207		16,130
Potential dilutive effect of derivative instruments	—		—			—		—
Weighted average shares of common stock outstanding - diluted	115,673		16,458			110,207		16,130
Net loss attributable to common stockholders per share
Basic	$	(0.02)	$	(0.02)		$	(0.20)	$	(0.20)
Diluted	$	(0.02)	$	(0.02)		$	(0.20)	$	(0.20)

For the periods presented above, the net loss per share amounts are the same for Class A and Class B common stock because the holders of each class are entitled to equal per share dividends or distributions in liquidation in accordance with the Certificate of Incorporation. The undistributed losses for each period are allocated based on the contractual participation rights of the Class A and Class B common stock as if the losses for the period had been distributed. As the liquidation and dividend rights are identical, the undistributed losses are allocated on a proportionate basis.

The following equity awards outstanding at the end of each period presented have been excluded from the computation of diluted net loss per share of common stock for the periods presented due to their anti-dilutive effect:


	Three Months Ended March 31,
	2023	2022
Stock options	7,617	14,486
Restricted stock units	13,357	7,690
Public Warrants	5,382	7,175
Private Warrants	3,822	3,821
Earnout Shares	15,000	15,000
	45,178	48,172