Earnings (Loss) Per Share (Tables)

3 Months Ended

Sep. 30, 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 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