Net Income (Loss) Per Share (Tables)

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in millions, except share amounts which are reflected in thousands, and per share amounts):


	Year Ended December 31,
	2021		2022		2023
Basic net income (loss) per share:
Numerator
Net income (loss) including non-controlling interests	$	(570)	$	(9,138)	$	2,156
Net income (loss) attributable to non-controlling interests, net of tax	(74)		3		269
Net income (loss) attributable to common stockholders	$	(496)	$	(9,141)	$	1,887
Denominator
Basic weighted-average common stock outstanding	1,892,546		1,972,131		2,035,651
Basic net income (loss) per share attributable to common stockholders (1)	$	(0.26)	$	(4.64)	$	0.93
Diluted net income (loss) per share:
Numerator
Net income (loss) attributable to common stockholders	$	(496)	$	(9,141)	$	1,887
Assumed net loss attributable to Uber Technologies, Inc. upon redemption of Freight Holding convertible common shares, non-controlling interest	(44)		(41)		(62)

Interest expense, amortization of debt discount and issuance costs of 2025 Convertible Notes and Careem Notes	—		—		2
Diluted net income (loss) attributable to common stockholders	$	(540)	$	(9,182)	$	1,827
Denominator
Number of shares used in basic net income (loss) per share computation	1,892,546		1,972,131		2,035,651
Weighted-average effect of potentially dilutive securities:
Stock options	—		—		9,989
RSUs	—		—		25,671
Assumed common shares issued from outstanding RSAs	—		—		139
Warrants	—		—		73
Common shares issued for ESPP	—		—		627
Assumed redemption of Freight Holding convertible common shares, non-controlling interest	2,973		2,797		4,301

2025 Convertible Notes	—		—		12,784
Careem Notes	—		—		2,547
Diluted weighted-average common stock outstanding	1,895,519		1,974,928		2,091,782
Diluted net income (loss) per share attributable to common stockholders (1)	$	(0.29)	$	(4.65)	$	0.87

(1) Per share amounts are calculated using unrounded numbers and therefore may not recalculate.

The following potentially dilutive outstanding securities were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in thousands):


	Year Ended December 31,
	2021	2022	2023
Freight Holding contingently redeemable preferred stock	10,070	30,458	13,430
Convertible notes	21,740	18,250	—
RSUs	71,461	98,167	4,534
Stock options	24,253	20,039	207
Common stock subject to repurchase	4,153	2,606	—
Shares committed under ESPP	3,226	3,878	867
Warrants to purchase common stock	73	73	—
Total	134,976	173,471	19,038