Earnings (Loss) Per Share

3 Months Ended

Sep. 30, 2021

EARNINGS (LOSS) PER SHARE

The following tables set forth the computation of basic and diluted earnings (loss) per share under ASC 260, “Earnings per Share”:


	For the three months ended September 30,
		2021		2020
		(in millions, except per share amounts)
Net income		$	267	$	47
Less: Net income attributable to noncontrolling interests		(71)		(13)
Net income attributable to News Corporation stockholders		$	196	$	34
Weighted-average number of shares of common stock outstanding - basic		591.7		589.5
Dilutive effect of equity awards		2.7		1.3
Weighted-average number of shares of common stock outstanding - diluted		594.4		590.8

Net income attributable to News Corporation stockholders per share - basic and diluted		$	0.33	$	0.06