Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2020

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


	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
	(In millions, except share and per share data)
Net income (loss) attributable to Expedia Group, Inc.	$	(192)	$	409	$	(2,229)	$	489
Preferred stock dividend	(29)		—		(46)		—
Net income (loss) attributable to Expedia Group, Inc. common stockholders	$	(221)	$	409	$	(2,275)	$	489
Earnings (loss) per share attributable to Expedia Group, Inc. available to common stockholders:
Basic	$	(1.56)	$	2.77	$	(16.13)	$	3.30
Diluted	(1.56)		2.71		(16.13)		3.24
Weighted average number of shares outstanding (000's):
Basic	141,306		147,232		141,068		148,052
Dilutive effect of:
Options to purchase common stock	—		2,336		—		2,074
Other dilutive securities	—		1,067		—		786
Diluted	141,306		150,635		141,068		150,912

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. In periods when we recognize a net loss, we exclude the impact of outstanding stock awards and common stock warrants from the diluted loss per share calculation as their inclusion would have an antidilutive effect. For both of the three and nine months ended September 30, 2020, approximately 25 million of outstanding stock awards and common stock warrants have been excluded from the calculations of diluted earnings per share attributable to common stockholders because their effect would have been antidilutive. For both of the three and nine months ended September 30, 2019, approximately 2 million of 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.