Earnings (Loss) Per Share (Tables)

6 Months Ended

Dec. 31, 2021

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 December 31,				For the six months ended December 31,
	2021		2020		2021		2020
	(in millions, except per share amounts)
Net income	$	262	$	261	$	529	$	308
Less: Net income attributable to noncontrolling interests	(27)		(30)		(98)		(43)
Net income attributable to News Corporation stockholders	$	235	$	231	$	431	$	265
Weighted-average number of shares of common stock outstanding - basic	592.1		590.7		591.9		590.1
Dilutive effect of equity awards	2.6		1.9		2.7		1.6
Weighted-average number of shares of common stock outstanding - diluted	594.7		592.6		594.6		591.7
Net income attributable to News Corporation stockholders per share - basic	$	0.40	$	0.39	$	0.73	$	0.45
Net income attributable to News Corporation stockholders per share -diluted	$	0.40	$	0.39	$	0.72	$	0.45