Earnings (Loss) Per Share

12 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

NOTE 14. EARNINGS (LOSS) PER SHARE

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

	For the fiscal years ended June 30,
	2024		2023		2022
	(in millions, except per share amounts)
Net income	$	354	$	187	$	760
Net income attributable to noncontrolling interests	(88)		(38)		(137)
Net income attributable to News Corporation stockholders	$	266	$	149	$	623
Weighted-average number of shares of common stock outstanding—basic	571.2		576.4		589.5
Dilutive effect of equity awards	2.3		2.4		3.0
Weighted-average number of shares of common stock outstanding—diluted	573.5		578.8		592.5
Net income attributable to News Corporation stockholders per share—basic	$	0.47	$	0.26	$	1.06
Net income attributable to News Corporation stockholders per share—diluted	$	0.46	$	0.26	$	1.05