Earnings (Loss) Per Share

6 Months Ended

Dec. 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 December 31,				For the six months ended December 31,
	2022		2021		2022		2021
	(in millions, except per share amounts)
Net income	$	94	$	262	$	160	$	529
Less: Net income attributable to noncontrolling interests	(27)		(27)		(53)		(98)
Net income attributable to News Corporation stockholders	$	67	$	235	$	107	$	431
Weighted-average number of shares of common stock outstanding - basic	576.0		592.1		578.7		591.9
Dilutive effect of equity awards	1.8		2.6		1.8		2.7
Weighted-average number of shares of common stock outstanding - diluted	577.8		594.7		580.5		594.6
Net income attributable to News Corporation stockholders per share - basic	$	0.12	$	0.40	$	0.18	$	0.73
Net income attributable to News Corporation stockholders per share - diluted	$	0.12	$	0.40	$	0.18	$	0.72