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Revenues (Tables)
6 Months Ended
Dec. 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 six months ended December 31, 2021 and 2020:
For the three months ended December 31, 2021
Digital Real
Estate
Services
Subscription
Video
Services
Dow JonesBook
Publishing
News MediaOtherTotal
Revenues
(in millions)
Revenues:
Circulation and subscription$$433 $356 $— $280 $— $1,072 
Advertising33 55 141 — 290 — 519 
Consumer— — — 594 — — 594 
Real estate352 — — — — — 352 
Other68 10 11 23 68 — 180 
Total Revenues$456 $498 $508 $617 $638 $— $2,717 
For the three months ended December 31, 2020
Digital Real
Estate
Services
Subscription
Video
Services
Dow JonesBook
Publishing
News MediaOtherTotal
Revenues
(in millions)
Revenues:
Circulation and subscription$$446 $319 $— $257 $— $1,030 
Advertising30 55 115 — 248 — 448 
Consumer— — — 523 — — 523 
Real estate281 — — — — — 281 
Other20 10 12 21 68 132 
Total Revenues$339 $511 $446 $544 $573 $$2,414 
For the six months ended December 31, 2021
Digital Real
Estate
Services
Subscription
Video
Services
Dow JonesBook
Publishing
News MediaOtherTotal
Revenues
(in millions)
Revenues:
Circulation and subscription$$873 $705 $— $565 $— $2,149 
Advertising66 114 231 — 513 — 924 
Consumer— — — 1,118 — — 1,118 
Real estate672 — — — — — 672 
Other138 21 16 45 136 — 356 
Total Revenues$882 $1,008 $952 $1,163 $1,214 $— $5,219 
For the six months ended December 31, 2020
Digital Real
Estate
Services
Subscription
Video
Services
Dow JonesBook
Publishing
News MediaOtherTotal
Revenues
(in millions)
Revenues:
Circulation and subscription$16 $883 $630 $— $503 $— $2,032 
Advertising58 105 185 — 432 — 780 
Consumer— — — 964 — — 964 
Real estate516 — — — — — 516 
Other39 19 17 38 125 239 
Total Revenues$629 $1,007 $832 $1,002 $1,060 $$4,531 
Summary of Deferred Revenue from Contracts with Customers The following table presents changes in the deferred revenue balance for the three and six months ended December 31, 2021 and 2020:
For the three months ended
December 31,
For the six months ended
December 31,
2021202020212020
(in millions)
Balance, beginning of period$467 $409 $473 $398 
Deferral of revenue859 755 1,674 1,462 
Recognition of deferred revenue(a)
(864)(779)(1,678)(1,480)
Other— 15 (7)20 
Balance, end of period$462 $400 $462 $400 
(a)For the three and six months ended December 31, 2021, the Company recognized $182 million and $372 million, respectively, of revenue which was included in the opening deferred revenue balance. For the three and six months ended December 31, 2020, the Company recognized $237 million and $331 million, respectively, of revenue which was included in the opening deferred revenue balance.