Earnings (Loss) Per Share (Tables)

12 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted 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