Earnings (Loss) Per Share (Tables)

9 Months Ended

Mar. 31, 2023

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 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