EXHIBIT 11.1 YES! ENTERTAINMENT CORPORATION STATEMENT REGARDING COMPUTATION OF NET LOSS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30, --------------------------- -------------------------- 1997 1996 1997 1996 --------------------------- -------------------------- Net loss $ (2,365) $(1,214) $ (5,548) $(2,106) ======= ======= Non-cash dividends and discount on preferred stock (1,049) $ (2,600) -------- -------- Net loss applicable to common stockholders $ (3,414) $ (8,148) ======== ======== Computation of weighted average common and common equivalent shares outstanding: Weighted average common shares outstanding 14,237 13,995 14,140 13,761 -------- ------- ------- ------- Shares used in computing net loss per share 14,237 13,995 14,140 13,761 ======== ======== ======= ======= Net loss per share applicable to common stockholders $(0.24) $ (0.58) ======= ====== Net loss per share $ (0.09) $ (0.15) ======= ======