Revenues (Tables)

3 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Summary of Disaggregated Revenue by Type and Segment

The following tables present the Company’s disaggregated revenues by type and segment for the three months ended September 30, 2023 and 2022:

	For the three months ended September 30, 2023
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	3	$	415	$	436	$	—	$	275	$	—	$	1,129
Advertising	35		62		91		—		203		—		391
Consumer	—		—		—		502		—		—		502
Real estate	311		—		—		—		—		—		311
Other	54		9		10		23		70		—		166
Total Revenues	$	403	$	486	$	537	$	525	$	548	$	—	$	2,499

	For the three months ended September 30, 2022
	Digital Real Estate Services		Subscription Video Services		Dow Jones		Book Publishing		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	3	$	425	$	414	$	—	$	269	$	—	$	1,111
Advertising	35		64		94		—		213		—		406
Consumer	—		—		—		467		—		—		467
Real estate	323		—		—		—		—		—		323
Other	60		13		7		20		71		—		171
Total Revenues	$	421	$	502	$	515	$	487	$	553	$	—	$	2,478

Summary of Deferred Revenue from Contracts with Customers

The following table presents changes in the deferred revenue balance for the three months ended September 30, 2023 and 2022:

	For the three months ended September 30,
	2023		2022
	(in millions)
Balance, beginning of period	$	622	$	604
Deferral of revenue	937		897
Recognition of deferred revenue(a)	(929)		(896)
Other	(6)		(13)
Balance, end of period	$	624	$	592

(a)For the three months ended September 30, 2023 and 2022, the Company recognized $393 million and $408 million, respectively, of revenue which was included in the opening deferred revenue balance.