Revenues (Tables)

9 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

Summary of Disaggregated Revenue by Type and Segment

The following tables present the Company’s disaggregated revenues by type and segment for the three and nine months ended March 31, 2021 and 2020:

	For the three months ended March 31, 2021
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	6	$	469	$	329	$	—	$	272	$	—	$	1,076
Advertising	31		46		85		—		212		—		374
Consumer	—		—		—		472		—		—		472
Real estate	291		—		—		—		—		—		291
Other	23		8		7		18		66		—		122
Total Revenues	$	351	$	523	$	421	$	490	$	550	$	—	$	2,335

	For the three months ended March 31, 2020
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	9	$	414	$	303	$	—	$	240	$	—	$	966
Advertising	25		40		84		—		427		—		576
Consumer	—		—		—		396		—		—		396
Real estate	209		—		—		—		—		—		209
Other	18		8		10		16		66		1		119
Total Revenues	$	261	$	462	$	397	$	412	$	733	$	1	$	2,266

	For the nine months ended March 31, 2021
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	22	$	1,352	$	959	$	—	$	775	$	—	$	3,108
Advertising	89		151		270		—		644		—		1,154
Consumer	—		—		—		1,436		—		—		1,436
Real estate	807		—		—		—		—		—		807
Other	62		27		24		56		191		1		361
Total Revenues	$	980	$	1,530	$	1,253	$	1,492	$	1,610	$	1	$	6,866

	For the nine months ended March 31, 2020
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	28	$	1,304	$	888	$	—	$	730	$	1	$	2,951
Advertising	77		144		288		—		1,352		—		1,861
Consumer	—		—		—		1,204		—		—		1,204
Real estate	669		—		—		—		—		—		669
Other	53		29		33		55		229		1		400
Total Revenues	$	827	$	1,477	$	1,209	$	1,259	$	2,311	$	2	$	7,085

Summary of Deferred Revenue from Contracts with Customers

The following table presents changes in the deferred revenue balance for the three and nine months ended March 31, 2021 and 2020:

	For the three months ended March 31,				For the nine months ended March 31,
	2021		2020		2021		2020
	(in millions)
Balance, beginning of period	$	400	$	411	$	398	$	428
Deferral of revenue	823		851		2,285		2,426
Recognition of deferred revenue(a)	(780)		(807)		(2,260)		(2,398)
Other(b)	6		(68)		26		(69)
Balance, end of period	$	449	$	387	$	449	$	387

(a)For the three and nine months ended March 31, 2021, the Company recognized $224 million and $359 million, respectively, of revenue which was included in the opening deferred revenue balance. For the three and nine months ended March 31, 2020, the Company recognized $226 million and $371 million, respectively, of revenue which was included in the opening deferred revenue balance.

(b)For the three and nine months ended March 31, 2020, the Company reclassified $46 million of deferred revenue to other current liabilities in connection with the sale of News America Marketing.