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NET INCOME (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share is computed by dividing net income (loss) attributable to Class A and Class B common stockholders by the weighted-average number of shares of each respective class of common stock outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) attributable to Class A and Class B common stockholders by the weighted-average number of each respective class of common stock outstanding, including the potential dilutive securities. For the calculation of diluted net income (loss) per share, net income (loss) attributable to Class A and Class B common stockholders is adjusted to reflect the potential effect of dilutive securities.
As result of the reverse recapitalization, the Company has retroactively adjusted the weighted average shares outstanding prior to the Acies Merger to give effect to the recapitalization exchange ratio of approximately 0.233 for Old PLAYSTUDIOS common stock used to determine the number of shares of common stock into which they were converted.
The following table sets forth the computation of basic and diluted net income (loss) attributable to Class A and Class B common stockholders per share (in thousands except per share data):
Three Months Ended September 30, 2022Three Months Ended September 30, 2021
Class AClass BClass AClass B
Numerator
Net income attributable to common stockholders – basic$3,175 $454 $9,796 $1,440 
Potential dilutive effect of stock options21 (21)(15)15 
Net income attributable to common stockholders – diluted$3,196 $433 $9,781 $1,455 
Denominator
Weighted average shares of common stock outstanding - basic112,873 16,159 109,693 16,130 
Potential dilutive effect of stock options8,206 1,371 11,123 1,849 
Potential dilutive effect of restricted stock units8,311 — — — 
Weighted average shares of common stock outstanding - diluted129,390 17,530 120,816 17,979 
Net income attributable to common stockholders per share
Basic$0.03 $0.03 $0.09 $0.09 
Diluted$0.02 $0.02 $0.08 $0.08 

Nine Months Ended September 30, 2022Nine Months Ended September 30, 2021
Class AClass BClass AClass B
Numerator
Net (loss) income attributable to common stockholders – basic$(14,045)$(2,035)$8,809 $1,310 
Potential dilutive effect of stock options— — (207)207 
Net (loss) income attributable to common stockholders – diluted$(14,045)$(2,035)$8,602 $1,517 
Denominator
Weighted average shares of common stock outstanding - basic111,389 16,140 90,750 16,130 
Potential dilutive effect of stock options— — 11,686 1,950 
Weighted average shares of common stock outstanding - diluted111,389 16,140 102,436 18,080 
Net (loss) income attributable to common stockholders per share
Basic$(0.13)$(0.13)$0.10 $0.08 
Diluted$(0.13)$(0.13)$0.08 $0.08 
For the periods presented above, the net income (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 earnings (losses) for each period are allocated based on the contractual participation rights of the Class A and Class B common stock as if the earnings (losses) for the period had been distributed. As the liquidation and dividend rights are identical, the undistributed earnings (losses) are allocated on a proportionate basis.
The following equity awards outstanding have been excluded from the computation of diluted net income (loss) per share of common stock for the periods presented due to their anti-dilutive effect:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Stock options133 51 12,262 — 
RSUs— — 8,311 — 
Public Warrants5,382 7,175 5,382 7,175 
Private Warrants3,821 3,821 3,821 3,821 
Earnout Shares15,000 15,000 15,000 15,000 
24,336 26,047 44,776 25,996