The Company applies the two-class method to calculate its basic and diluted net loss per share as Class A subordinate voting shares and Class B restricted voting shares are participating securities with equal participation rights and are entitled to receive dividends on a share for share basis. The Company uses the treasury stock method and if-converted method for calculating the effect of dilutive potential common stock from employee stock options and employee RSUs and from its Notes, respectively.


	Years ended
		December 31, 2025		December 31, 2024		December 31, 2023







		(in US $ millions, except share and share price amounts)
Numerator:
Net income		1,231		2,019		132

Denominator:
Basic weighted average number of shares outstanding		1,298,955,860		1,289,812,124		1,281,554,559
Weighted average effect of dilutive securities:
Stock options		4,192,190		3,988,316		4,586,659
Restricted share units		1,798,098		1,307,610		2,974,367
Convertible senior notes		—		6,388,480		6,388,480
Deferred share units		7,107		13,450		7,320
Diluted weighted average number of shares		1,304,953,255		1,301,509,980		1,295,511,385

Net income per share:
Basic		$	0.95	$	1.57	$	0.10
Diluted		$	0.94	$	1.55	$	0.10

Common stock equivalents excluded from net income per diluted share because they are anti-dilutive:
Stock options		61,010		858,528		150,558
Restricted share units		254,300		459,136		1,058,628
Deferred share units		392		125		—
		315,702		1,317,789		1,209,186