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NET INCOME (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
19. NET INCOME (LOSS) PER SHARE
The computation of Net income (loss) per share, including the weighted-average shares outstanding (“WASO”) used in the computation, is as follows (in thousands, except per share amounts):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Numerators
Net income (loss) attributable to common shareholders, basic$718,697 $432,552 $(34,888)$1,927,060 
Add: interest on convertible notes, net of tax2,837 4,543 — 11,752 
Net income (loss) attributable to common shareholders, diluted$721,534 $437,095 $(34,888)$1,938,812 
Denominators
WASO - basic263,788 262,831 263,962 257,332 
Weighted-average effect of potentially dilutive shares:
Stock options12,512 15,847 — 15,656 
Convertible notes10,892 11,319 — 8,607 
Restricted stock units787 1,340 — 985 
Performance restricted stock units
— 536 — 454 
Restricted stock— 85 — 131 
WASO - diluted287,979 291,958 263,962 283,165 
Net income (loss) per share attributable to common shareholders:
Basic$2.72 $1.65 $(0.13)$7.49 
Diluted$2.51 $1.50 $(0.13)$6.85 
The rights, including the liquidation and dividend rights, of the holders of Class A common stock and Class B common stock are identical, except with respect to voting. As a result, the undistributed earnings are allocated on a proportionate basis and the resulting income or loss per share will, therefore, be the same for both Class A common stock and Class B common stock on an individual or combined basis.
The following potentially dilutive shares were not included in the calculation of diluted shares outstanding as the effect would have been anti-dilutive, or in the case of performance awards, as the issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the reporting period (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Equity awards(1)
5,641 3,857 23,304 3,857 
Convertible notes— — 12,806 — 
Total5,641 3,857 36,110 3,857 
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(1)Includes shares under the Employee Stock Purchase Plan.