Earnings (Loss) Per Share

6 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

NOTE 8. EARNINGS (LOSS) PER SHARE

The following table set forth the computation of basic and diluted earnings (loss) per share under ASC 260, Earnings per Share:

	For the three months ended December 31,				For the six months ended December 31,
	2023		2022		2023		2022
	(in millions, except per share amounts)
Net income	$	183	$	94	$	241	$	160
Net income attributable to noncontrolling interests	(27)		(27)		(55)		(53)
Net income attributable to News Corporation stockholders	$	156	$	67	$	186	$	107
Weighted-average number of shares of common stock outstanding - basic	571.9		576.0		572.1		578.7
Dilutive effect of equity awards	1.6		1.8		1.7		1.8
Weighted-average number of shares of common stock outstanding - diluted	573.5		577.8		573.8		580.5
Net income attributable to News Corporation stockholders per share - basic	$	0.27	$	0.12	$	0.33	$	0.18
Net income attributable to News Corporation stockholders per share - diluted	$	0.27	$	0.12	$	0.32	$	0.18