Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2023

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 13.

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


	Three months ended March 31,
		2023	2022

Weighted average ordinary shares outstanding (basic EPS computation)		454,394,944	520,320,152
Incremental shares attributable to the assumed exercise or release of outstanding share-based incentive awards upon vesting (treasury stock method)		—	12,364,920
Weighted average ordinary shares outstanding (diluted EPS computation)		454,394,944	532,685,072

We reported a loss from continuing operations 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 loss from continuing operations attributable to Liberty Global shareholders per share because their inclusion would have been anti-dilutive to the computation.

The calculation of diluted EPS excludes aggregate share-based incentive awards of 56.8 million for the three months ended March 31, 2022 because their effect would have been anti-dilutive.

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


	Three months ended March 31,
		2023		2022
		in millions

Earnings (loss) from continuing operations		$	(713.5)	$	1,075.7
Net earnings from continuing operations attributable to noncontrolling interests		(7.9)		(72.0)
Net earnings (loss) from continuing operations attributable to Liberty Global shareholders		$	(721.4)	$	1,003.7