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Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Note 10 – Net Income (Loss) Per Share
Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the periods presented. Diluted net income (loss) per share is computed by giving effect to all potential weighted average dilutive common stock. For diluted net income (loss) per share, the dilutive effect of outstanding awards is reflected by application of the treasury stock method and convertible securities by application of the if-converted method, as applicable.
We take into account the effect on consolidated net income (loss) per share of dilutive securities of entities in which we hold equity interests that are accounted for using the equity method.
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):
Three Months Ended June 30,Six Months Ended June 30,
2023202420232024
Basic net income per share:
Numerator
Net income including non-controlling interests$394 $1,008 $237 $345 
Net loss attributable to non-controlling interests, net of tax— (7)— (16)
          Net income attributable to common stockholders$394 $1,015 $237 $361 
Denominator
Basic weighted-average common stock outstanding2,026,813 2,092,180 2,018,233 2,085,324 
Basic net income per share attributable to common stockholders (1)
$0.19 $0.49 $0.12 $0.17 
Diluted net income per share:
Numerator
     Net income attributable to common stockholders$394 $1,015 $237 $361 
Assumed net loss attributable to Uber Technologies, Inc. upon redemption of Freight Holding convertible common shares, non-controlling interest(14)(14)(28)(30)
Interest expense, amortization of debt discount and issuance costs of 2025 Convertible Notes
1 — 1 — 
     Diluted net income attributable to common stockholders$381 $1,001 $210 $331 
Denominator
     Number of shares used in basic net income per share computation2,026,813 2,092,180 2,018,233 2,085,324 
     Weighted-average effect of potentially dilutive securities:
Stock options10,163 5,740 10,365 6,509 
RSUs20,891 37,161 15,468 41,426 
Assumed common shares issued from outstanding RSAs91 — 61 74 
Warrants73 73 73 73 
Common shares issued for ESPP735 586 745 787 
Assumed redemption of Freight Holding convertible common shares, non-controlling interest3,502 1,333 4,318 1,701 
Assumed redemption of Freight Series A contingently redeemable preferred stock, non-controlling interest— 10,625 — 13,432 
2025 Convertible Notes14,226 — 14,226 — 
Careem Notes2,771 2,321 2,771 2,321 
     Diluted weighted-average common stock outstanding2,079,265 2,150,019 2,066,260 2,151,647 
Diluted net income per share attributable to common stockholders (1)
$0.18 $0.47 $0.10 $0.15 
(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):
Three Months Ended June 30,Six Months Ended June 30,
2023202420232024
Freight Series A contingently redeemable preferred stock19,244 — 19,244 — 
RSUs15,530 21,381 15,530 21,381 
Stock options2,934 227 2,934 227 
Common stock subject to repurchase1,461 — 1,461 — 
Shares committed under ESPP3,048 1,320 3,048 1,320 
Total42,217 22,928 42,217 22,928