Earnings (Loss) Per Share

3 Months Ended

Sep. 30, 2023

NOTE 8. 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 September 30,
		2023		2022
		(in millions, except per share amounts)
Net income		$	58	$	66
Less: Net income attributable to noncontrolling interests		(28)		(26)
Net income attributable to News Corporation stockholders		$	30	$	40
Weighted-average number of shares of common stock outstanding - basic		572.3		581.3
Dilutive effect of equity awards		1.8		1.9
Weighted-average number of shares of common stock outstanding - diluted		574.1		583.2
Net income attributable to News Corporation stockholders per share - basic and diluted		$	0.05	$	0.07