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Interim Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenues $ 3,760 $ 2,690 $ 10,212 $ 7,535
Cost of net revenues (1,765) (1,342) (4,961) (3,830)
Gross profit 1,995 1,348 5,251 3,705
Operating expenses:        
Product and technology development (396) (278) (1,145) (774)
Sales and marketing (441) (333) (1,207) (916)
Provision for doubtful accounts (277) (288) (751) (845)
General and administrative (196) (153) (565) (485)
Total operating expenses (1,310) (1,052) (3,668) (3,020)
Income from operations 685 296 1,583 685
Other income (expenses):        
Interest income and other financial gains 196 65 545 142
Interest expense and other financial losses (111) (92) (297) (221)
Foreign currency losses, net (239) (71) (508) (134)
Net income before income tax expense and equity in earnings of unconsolidated entity 531 198 1,323 472
Income tax expense (172) (69) (504) (154)
Equity in earnings of unconsolidated entity 0 0 3 (1)
Net income $ 359 $ 129 $ 822 $ 317
Basic earning per share        
Basic net income available to shareholders per common share (in dollars per share) $ 7.18 $ 2.57 $ 16.40 $ 6.30
Weighted average of outstanding common shares (in shares) 50,008,320 50,325,075 50,137,826 50,365,813
Diluted earning per share        
Diluted net income available to shareholders per common share (in dollars per share) $ 7.16 $ 2.56 $ 16.36 $ 6.29
Weighted average of outstanding common shares (in shares) 50,209,439 51,315,343 50,338,945 51,356,081
Service        
Net revenues $ 3,419 $ 2,437 $ 9,233 $ 6,766
Product        
Net revenues $ 341 $ 253 $ 979 $ 769