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Investments (Tables)
9 Months Ended
Mar. 31, 2024
Schedule of Investments [Abstract]  
Schedule of Investments
The Company’s investments were comprised of the following:
Ownership Percentage as of March 31, 2024As of
March 31, 2024
As of
June 30, 2023
(in millions)
Equity method investments(a)
various$191 $192 
Equity and other securities(b)
various225 235 
Total Investments$416 $427 
(a)Equity method investments are primarily comprised of REA Group’s ownership interest in PropertyGuru Group Ltd. (“PropertyGuru”).
(b)Equity and other securities are primarily comprised of Nexxen International, Ltd. (formerly Tremor International Ltd.), certain investments in China, the Company’s investment in ARN Media Limited, which operates a portfolio of Australian radio media assets, and Dow Jones’ investment in an artificial intelligence-focused data analytics company.
Schedule of Total Gains and Losses on Equity Securities The components comprising total gains and losses on equity securities are set forth below:
For the three months ended
March 31,
For the nine months ended
March 31,
2024202320242023
(in millions)(in millions)
Total losses recognized on equity securities$(1)$(2)$(11)$(16)
Less: Net gains recognized on equity securities sold— — — 
Unrealized losses recognized on equity securities held at end of period$(1)$(2)$(11)$(18)