Earnings (Loss) Per Share

9 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

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 March 31,				For the nine months ended March 31,
	2022		2021		2022		2021
	(in millions, except per share amounts)
Net income	$	104	$	96	$	633	$	404
Less: Net income attributable to noncontrolling interests	(22)		(17)		(120)		(60)
Net income attributable to News Corporation stockholders	$	82	$	79	$	513	$	344
Weighted-average number of shares of common stock outstanding - basic	588.8		590.8		590.9		590.3
Dilutive effect of equity awards	3.3		3.7		2.8		2.3
Weighted-average number of shares of common stock outstanding - diluted	592.1		594.5		593.7		592.6
Net income attributable to News Corporation stockholders per share - basic	$	0.14	$	0.13	$	0.87	$	0.58
Net income attributable to News Corporation stockholders per share - diluted	$	0.14	$	0.13	$	0.86	$	0.58