Investments (Tables)

6 Months Ended

Dec. 31, 2023

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of December 31, 2023	As of December 31, 2023		As of June 30, 2023
		(in millions)
Equity method investments(a)	various	$	197	$	192
Equity and other securities(b)	various	227		235
Total Investments		$	424	$	427

(a)Equity method investments are primarily comprised of REA Group’s ownership interest in PropertyGuru Group Ltd. (“PropertyGuru”).

(b)Equity and other securities are primarily comprised of Nexxen International, Ltd. (formerly Tremor International Ltd.), certain investments in China, the Company’s investment in ARN Media Limited, which operates a portfolio of Australian radio media assets, and Dow Jones’ investment in an artificial intelligence-focused data analytics company.

Schedule of Total Gains and Losses on Equity Securities

The components comprising total gains and losses on equity securities are set forth below:

	For the three months ended December 31,				For the six months ended December 31,
	2023		2022		2023		2022
	(in millions)				(in millions)
Total gains (losses) recognized on equity securities	$	13	$	(11)	$	(10)	$	(14)
Less: Net gains recognized on equity securities sold	—		2		—		2
Unrealized gains (losses) recognized on equity securities held at end of period	$	13	$	(13)	$	(10)	$	(16)