Earnings (Loss) per Share

9 Months Ended

Sep. 30, 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 September 30,		Nine months ended September 30,
	2023	2022	2023	2022

Weighted average ordinary shares outstanding (basic EPS computation)	416,014,282	477,176,983	437,255,956	499,476,564
Incremental shares attributable to the assumed exercise or release of outstanding share-based incentive awards upon vesting (treasury stock method)	4,959,080	5,338,957	—	8,403,044
Weighted average ordinary shares outstanding (diluted EPS computation)	420,973,362	482,515,940	437,255,956	507,879,608

We reported a net loss from continuing operations attributable to Liberty Global shareholders for the nine months ended September 30, 2023. Therefore, the potentially dilutive effect at September 30, 2023 excludes 96.0 million shares issuable pursuant to outstanding share-based incentive awards in the computation of diluted net 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 75.1 million for the three months ended September 30, 2023 and 80.4 million and 60.1 million for the three and nine months ended September 30, 2022, respectively, 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 September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	in millions

Earnings (loss) from continuing operations	$	822.7	$	2,431.7	$	(402.1)	$	5,789.6
Net earnings from continuing operations attributable to noncontrolling interests	(163.5)		(83.7)		(159.7)		(500.2)
Net earnings (loss) from continuing operations attributable to Liberty Global shareholders	$	659.2	$	2,348.0	$	(561.8)	$	5,289.4