Earnings (Loss) Per Share

9 Months Ended

Mar. 31, 2024

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 March 31,				For the nine months ended March 31,
	2024		2023		2024		2023
	(in millions, except per share amounts)
Net income	$	42	$	59	$	283	$	219
Net income attributable to noncontrolling interests	(12)		(9)		(67)		(62)
Net income attributable to News Corporation stockholders	$	30	$	50	$	216	$	157
Weighted-average number of shares of common stock outstanding - basic	570.9		575.4		571.7		577.6
Dilutive effect of equity awards	2.7		2.5		2.0		2.0
Weighted-average number of shares of common stock outstanding - diluted	573.6		577.9		573.7		579.6
Net income attributable to News Corporation stockholders per share - basic and diluted	$	0.05	$	0.09	$	0.38	$	0.27