Earnings (Loss) Per Share

9 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

NOTE 9. 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,
	2023		2022		2023		2022
	(in millions, except per share amounts)
Net income	$	59	$	104	$	219	$	633
Less: Net income attributable to noncontrolling interests	(9)		(22)		(62)		(120)
Net income attributable to News Corporation stockholders	$	50	$	82	$	157	$	513
Weighted-average number of shares of common stock outstanding - basic	575.4		588.8		577.6		590.9
Dilutive effect of equity awards	2.5		3.3		2.0		2.8
Weighted-average number of shares of common stock outstanding - diluted	577.9		592.1		579.6		593.7
Net income attributable to News Corporation stockholders per share - basic	$	0.09	$	0.14	$	0.27	$	0.87
Net income attributable to News Corporation stockholders per share - diluted	$	0.09	$	0.14	$	0.27	$	0.86