Earnings (Loss) Per Share

12 Months Ended

Jun. 30, 2023

NOTE 14. 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 fiscal years ended June 30,
	2023		2022		2021
	(in millions, except per share amounts)
Net income	$	187	$	760	$	389
Less: Net income attributable to noncontrolling interests	(38)		(137)		(59)

Net income attributable to News Corporation stockholders	$	149	$	623	$	330
Weighted-average number of shares of common stock outstanding—basic	576.4		589.5		590.4
Dilutive effect of equity awards	2.4		3.0		3.0
Weighted-average number of shares of common stock outstanding—diluted	578.8		592.5		593.4
Net income attributable to News Corporation stockholders per share - basic	$	0.26	$	1.06	$	0.56
Net income attributable to News Corporation stockholders per share - diluted	$	0.26	$	1.05	$	0.56