(¹⁾ Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS net income, Non-IFRS diluted EPS, Non-IFRS adjusted EBITDA and any related margins are all Non-IFRS measures. See "Reconciliation of IFRS to Non-IFRS" section for a detailed reconciliation of Non-IFRS measures to the most directly comparable IFRS measure. See "Financial Measures (Non-IFRS)" for a discussion of why we believe these Non-IFRS measures are useful.

Summary of Fourth Quarter 2024 Guidance ( Unaudited, in millions, except per share amounts) (1)
	IFRS		Share-based compensation		Non-IFRS ( 2 )
Net revenue	$1,800 - $1,850		—
Gross profit	$417 - $468		$13 - $15		$432 - $481
Gross margin(3) (mid-point)	24.3%				25.0%
Operating profit	$177 - $256		$45 - $55		$232 - $301
Operating margin(3) (mid-point)	11.9%				14.6%
Net income ( 4 )	$161 - $236		$45 - $55		$216 - $281
Net income margin(3) (mid-point)	10.9%				13.6%
Diluted EPS	$0.29 - $0.43				$0.39 - $0.51

⁽¹⁾ The Guidance provided contains forward-looking statements as defined in the U.S. Private Securities Litigation Act of 1995, and is subject to the safe harbors created therein. The Guidance includes management's beliefs and assumptions and is based on information that is currently available.

⁽²⁾ Non-IFRS gross profit, Non-IFRS operating expense, Non-IFRS operating profit, Non-IFRS net income and Non-IFRS diluted EPS are Non-IFRS measures and, for purposes of the Guidance only, are defined as gross profit, operating profit, net income and EPS before share-based compensation, respectively. Non-IFRS operating expense is calculated by subtracting Non-IFRS operating profit from Non-IFRS gross profit.

⁽³⁾ Non-IFRS margins are Non-IFRS measures and for purposes of the Guidance only, are defined as Non-IFRS gross profit, Non-IFRS operating profit and Non-IFRS net income, each divided by net revenue (using the definitions of Non-IFRS gross profit, Non-IFRS operating profit and Non-IFRS net income, in footnote (2) above, as appropriate).