Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2025

Basic earnings or loss per share (EPS) is computed by dividing net earnings or loss attributable to Liberty Global shareholders 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 net earnings (loss) from continuing operations attributable to Liberty Global shareholders are set forth below:


	Three months ended March 31,
		2025		2024
		in millions, except share amounts

Earnings (loss) from continuing operations		$	(1,323.3)	$	634.5
Net earnings from continuing operations attributable to noncontrolling interests		(14.0)		(17.0)
Net earnings (loss) from continuing operations attributable to Liberty Global shareholders		$	(1,337.3)	$	617.5

Weighted average common shares outstanding (basic EPS computation)		348,407,676		377,747,016
Incremental shares (a)		—		7,362,615
Weighted average common shares outstanding (diluted EPS computation)		348,407,676		385,109,631

Excluded potentially dilutive employee share-based incentive awards (b)		163,331,498		73,278,364

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(a)We use the treasury stock method to calculate our incremental shares attributable to the assumed exercise or release of the outstanding share-based incentive awards upon vesting. Certain of our share incentive plans include performance and/or other features that result in the associated shares being contingently issuable. For purposes of applying the treasury stock method, the dilutive effect of these awards is calculated based on the number of the shares that would be issuable as if the end of the reporting period was the end of the contingency period.

(b)Amounts represent potentially dilutive shares that have been excluded from the computation of diluted earnings (loss) from continuing operations attributable to Liberty Global shareholders because their effect would have been anti-dilutive or, in the case of PSUs, because such awards had not yet met the applicable performance criteria.