Earnings (Loss) Per Share (Tables)

3 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings 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,
	2022		2021
	(in millions, except per share amounts)
Net income	$	66	$	267
Less: Net income attributable to noncontrolling interests	(26)		(71)
Net income attributable to News Corporation stockholders	$	40	$	196
Weighted-average number of shares of common stock outstanding - basic	581.3		591.7
Dilutive effect of equity awards	1.9		2.7
Weighted-average number of shares of common stock outstanding - diluted	583.2		594.4
Net income attributable to News Corporation stockholders per share - basic and diluted	$	0.07	$	0.33