Investments (Tables)

6 Months Ended

Dec. 31, 2021

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of December 31, 2021	As of December 31, 2021		As of June 30, 2021
		(in millions)
Equity method investments(a)	various	$	215	$	71
Equity securities(b)	various	290		280
Total Investments		$	505	$	351

(a)During the six months ended December 31, 2021, REA Group acquired an 18% interest (16.6% on a diluted basis) in PropertyGuru Pte. Ltd. (“PropertyGuru”), a leading digital property technology company operating marketplaces in Southeast Asia, in exchange for all shares of REA Group’s entities in Malaysia and Thailand.

(b)Equity securities are primarily comprised of Tremor, certain investments in China and the Company’s investment in HT&E Limited, which operates a portfolio of Australian radio and outdoor media assets.

Schedule of Total Gains and Losses on Equity Securities

The components comprising total gains and losses on equity securities are set forth below:

	For the three months ended December 31,				For the six months ended December 31,
	2021		2020		2021		2020
	(in millions)				(in millions)
Total (losses) gains recognized on equity securities	$	(9)	$	33	$	19	$	42
Less: Net gains recognized on equity securities sold	—		—		—		—
Unrealized (losses) gains recognized on equity securities held at end of period	$	(9)	$	33	$	19	$	42