Earnings Per Share

9 Months Ended

Sep. 30, 2023

The following table presents our basic and diluted earnings per share:


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	(In millions, except share and per share data)
Net income attributable to Expedia Group, Inc.	$	425	$	482	$	665	$	175



Earnings per share attributable to Expedia Group, Inc. available to common stockholders:
Basic	$	2.98	$	3.05	$	4.51	$	1.11
Diluted	2.87		2.98		4.37		1.08
Weighted average number of shares outstanding (000's):
Basic	142,228		157,628		147,253		157,100
Dilutive effect of:
Convertible Notes	3,921		3,921		3,921		3,921
Stock-based awards	1,592		274		991		1,469
Other dilutive securities	7		6		7		5
Diluted	147,748		161,829		152,172		162,495

Basic earnings per share is calculated using our weighted-average outstanding common shares. The earnings per share amounts are the same for common stock and Class B common stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.

Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards and common stock warrants as determined under the treasury stock method and of our Convertible Notes using the if-converted method. In periods when we recognize a net loss, we exclude the impact of outstanding stock awards and the potential share settlement impact related to our Convertible Notes from the diluted loss per share calculation as their inclusion would have an antidilutive effect. For the three and nine months ended September 30, 2023, approximately 5 million shares from outstanding stock awards have been excluded from the calculations of diluted earnings per share attributable to common stockholders because their effect would have been antidilutive. For the three and nine months ended September 30, 2022, approximately 9 million shares from outstanding stock awards were excluded.