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Revenues (Tables)
9 Months Ended
Mar. 31, 2024
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 and nine months ended March 31, 2024 and 2023:
For the three months ended March 31, 2024
Digital Real
Estate
Services
Subscription
Video
Services
Dow JonesBook
Publishing
News MediaOtherTotal
Revenues
(in millions)
Revenues:
Circulation and subscription$$398 $445 $— $275 $— $1,121 
Advertising32 47 86 — 193 — 358 
Consumer— — — 484 — — 484 
Real estate301 — — — — — 301 
Other52 10 13 22 62 — 159 
Total Revenues$388 $455 $544 $506 $530 $— $2,423 
For the three months ended March 31, 2023
Digital Real
Estate
Services
Subscription
Video
Services
Dow JonesBook
Publishing
News MediaOtherTotal
Revenues
(in millions)
Revenues:
Circulation and subscription$$419 $426 $— $274 $— $1,122 
Advertising35 49 88 — 221 — 393 
Consumer— — — 495 — — 495 
Real estate272 — — — — — 272 
Other53 15 20 68 — 165 
Total Revenues$363 $477 $529 $515 $563 $— $2,447 
For the nine months ended March 31, 2024
Digital Real
Estate
Services
Subscription
Video
Services
Dow JonesBook
Publishing
News MediaOtherTotal
Revenues
(in millions)
Revenues:
Circulation and subscription$$1,217 $1,322 $— $822 $— $3,369 
Advertising99 160 303 — 625 — 1,187 
Consumer— — — 1,513 — — 1,513 
Real estate939 — — — — — 939 
Other164 34 40 68 194 — 500 
Total Revenues$1,210 $1,411 $1,665 $1,581 $1,641 $— $7,508 
For the nine months ended March 31, 2023
Digital Real
Estate
Services
Subscription
Video
Services
Dow JonesBook
Publishing
News MediaOtherTotal
Revenues
(in millions)
Revenues:
Circulation and subscription$$1,249 $1,257 $— $803 $— $3,318 
Advertising103 160 313 — 687 — 1,263 
Consumer— — — 1,474 — — 1,474 
Real estate896 — — — — — 896 
Other162 32 37 59 205 — 495 
Total Revenues$1,170 $1,441 $1,607 $1,533 $1,695 $— $7,446 
Summary of Changes in the Deferred Revenue Balance The following table presents changes in the deferred revenue balance for the three and nine months ended March 31, 2024 and 2023:
For the three months ended
March 31,
For the nine months ended
March 31,
2024202320242023
(in millions)
Balance, beginning of period$510 $591 $622 $604 
Deferral of revenue905 909 2,648 2,699 
Recognition of deferred revenue(a)
(855)(873)(2,714)(2,686)
Other(11)(4)(7)
Balance, end of period$549 $623 $549 $623 
(a)For the three and nine months ended March 31, 2024, the Company recognized $211 million and $564 million, respectively, of revenue which was included in the opening deferred revenue balance. For the three and nine months ended March 31, 2023, the Company recognized $340 million and $540 million, respectively, of revenue which was included in the opening deferred revenue balance.