Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2024

Basic earnings or loss per share (EPS) is computed by dividing net earnings or loss by the weighted average number of shares outstanding for the period. Diluted EPS presents the dilutive effect, if any, on a per share basis of potential shares from share-based incentive awards as if they had been exercised, vested or converted at the beginning of the periods presented. For additional information regarding our share-based incentive awards, see note 12.

The details of our basic and diluted weighted average common shares outstanding are set forth below:


	Three months ended March 31,
		2024	2023

Weighted average common shares outstanding (basic EPS computation)		377,747,016	454,394,944
Incremental shares attributable to the assumed exercise or release of outstanding share-based incentive awards upon vesting (treasury stock method)		7,362,615	—
Weighted average common shares outstanding (diluted EPS computation)		385,109,631	454,394,944

The calculation of diluted EPS excludes aggregate share-based incentive awards of 73.3 million for the three months ended March 31, 2024 because their effect would have been anti-dilutive.

We reported a net loss attributable to Liberty Global shareholders for the three months ended March 31, 2023. Therefore, the potentially dilutive effect at March 31, 2023 excludes 111.1 million shares issuable pursuant to outstanding share-based incentive awards in the computation of diluted net loss attributable to Liberty Global shareholders per share because their inclusion would have been anti-dilutive to the computation.

The details of our net earnings (loss) attributable to Liberty Global shareholders is set forth below:


	Three months ended March 31,
		2024		2023
		in millions

Net earnings (loss)		$	527.0	$	(713.5)
Net earnings attributable to noncontrolling interests		(17.0)		(7.9)
Net earnings (loss) attributable to Liberty Global shareholders		$	510.0	$	(721.4)