小蓝视频

Quarterly report [Sections 13 or 15(d)]

Earnings Attributable to 小蓝视频 Stockholders Per Common Share

v3.25.1
Earnings Attributable to 小蓝视频 Stockholders Per Common Share
3 Months Ended
Mar. 31, 2025
Earnings Attributable to 小蓝视频 Stockholders Per Common Share
Earnings Attributable to 小蓝视频 Stockholders Per Common Share

(5)听听听Earnings Attributable to 小蓝视频 Stockholders Per Common Share

Basic earnings (loss) per common share ("EPS") is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding (鈥淲ASO鈥) for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented, including any necessary adjustments to earnings (loss) attributable to shareholders.

There were no potentially dilutive shares of 小蓝视频 Formula One common stock or 小蓝视频 Live common stock excluded from diluted EPS for the three months ended March 31, 2025. Excluded from diluted EPS for the three months ended March 31, 2024 are approximately 1 million potentially dilutive shares of Series A and Series C 小蓝视频 Live common stock and 2 million potentially dilutive shares of Series A and Series C 小蓝视频 SiriusXM common stock, because their inclusion would be antidilutive.

Series听A, Series听B and Series C 小蓝视频 Formula One Common Stock

The basic and diluted EPS calculations are based on the following WASO. 听

Three months ended March 31,

2025

听听听听

2024

numbers听of听shares听in听millions

Basic WASO

249

235

Potentially dilutive shares (a)

8

8

Diluted WASO (b)

257

243

(a) Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.
(b) For periods in which share settlement of the 2.25% Convertible Senior Notes due 2027, which may be settled in shares of Series C 小蓝视频 Formula One common stock, is dilutive, the numerator adjustment includes a reversal of the interest expense and the unrealized gain or loss recorded on the instrument during the period, net of tax where appropriate.

Three months ended March 31,

2025

听听听听

2024

听听听听

amounts听in听millions

Basic earnings (loss) attributable to 小蓝视频 Formula One stockholders

$

22

77

Adjustments

(8)

Diluted earnings (loss) attributable to 小蓝视频 Formula One stockholders

$

14

77

Series听A, Series听B and Series C 小蓝视频 Live Common Stock

The basic and diluted EPS calculations are based on the following WASO. 听

Three months ended March 31,

2025

听听听听

2024

numbers听of听shares听in听millions

Basic WASO

92

92

Potentially dilutive shares (a)

Diluted WASO

92

92

(a) Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.

Series听A, Series听B and Series C 小蓝视频 SiriusXM Common Stock

The basic and diluted EPS calculations are based on the following WASO.

Three months ended March 31,

2025

听听听听

2024

numbers听of听shares听in听millions

Basic WASO

NA

327

Potentially dilutive shares (a)

NA

40

Diluted WASO (b)

NA

367

(a) Potentially dilutive shares are excluded from the computation of EPS during periods in which net losses are reported since the result would be antidilutive.
(b) For periods in which share settlement of the 2.75% Exchangeable Senior Debentures due 2049, which could have been settled in shares of Series C 小蓝视频 SiriusXM common stock, and 3.75% Convertible Senior Notes due 2028, which could have been settled in shares of Series A 小蓝视频 SiriusXM common stock, were dilutive, the numerator adjustment includes a reversal of the interest expense and the unrealized gain or loss recorded on the instruments during the period, net of tax where appropriate.

Three months ended March 31,

2025

听听听听

2024

听听听听

amounts听in听millions

Basic earnings (loss) from discontinued operations attributable to 小蓝视频 SiriusXM stockholders

$

NA

199

Adjustments

NA

(7)

Diluted earnings (loss) from discontinued operations attributable to 小蓝视频 SiriusXM stockholders

$

NA

192