We compute earnings per share (EPS) of Class A and Class B common stock using the two-class method. As the liquidation and dividend rights for both Class A and Class B common stock are identical, the undistributed earnings are allocated on a proportionate basis to the weighted-average number of common shares outstanding for the period.

Basic EPS is computed by dividing net income by the weighted-average number of shares of our Class A and Class B common stock outstanding. For the calculation of diluted EPS, net income for basic EPS is adjusted by the effect of dilutive securities, including awards under our equity compensation plan.

In addition, the computation of the diluted EPS of Class A common stock assumes the conversion of our Class B common stock to Class A common stock, while the diluted EPS of Class B common stock does not assume the conversion of those shares to Class A common stock. Diluted EPS is computed by dividing the resulting net income by the weighted-average number of fully diluted common shares outstanding.

For the three and nine months ended September 30, 2023, 5 million and 21 million shares of Class A common stock equivalents of restricted stock units (RSUs), respectively, were excluded from the diluted EPS calculation as including them would have an anti-dilutive effect. RSUs with anti-dilutive effect were 119 million and 93 million shares for the three and nine months ended September 30, 2022, respectively.


	Three Months Ended September 30,								Nine Months Ended September 30,
	2023				2022				2023				2022
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
Basic EPS:
Numerator
Net income	$	10,007	$	1,576	$	3,729	$	666	$	21,626	$	3,455	$	15,736	$	2,811
Denominator
Shares used in computation of basic earnings per share	2,226		350		2,276		406		2,222		355		2,293		410
Basic EPS	$	4.50	$	4.50	$	1.64	$	1.64	$	9.73	$	9.73	$	6.86	$	6.86
Diluted EPS:
Numerator
Net income	$	10,007	$	1,576	$	3,729	$	666	$	21,626	$	3,455	$	15,736	$	2,811
Reallocation of net income as a result of conversion of Class B to Class A common stock	1,576		—		666		—		3,455		—		2,811		—
Reallocation of net income to Class B common stock	—		(38)		—		(1)		—		(60)		—		(16)
Net income for diluted EPS	$	11,583	$	1,538	$	4,395	$	665	$	25,081	$	3,395	$	18,547	$	2,795
Denominator
Shares used in computation of basic earnings per share	2,226		350		2,276		406		2,222		355		2,293		410
Conversion of Class B to Class A common stock	350		—		406		—		355		—		410		—
Weighted-average effect of dilutive RSUs	65		—		5		—		46		—		15		—
Shares used in computation of diluted earnings per share	2,641		350		2,687		406		2,623		355		2,718		410
Diluted EPS	$	4.39	$	4.39	$	1.64	$	1.64	$	9.56	$	9.56	$	6.82	$	6.82