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Revenues (Tables)
12 Months Ended
Jun. 30, 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 fiscal years ended June 30, 2024, 2023 and 2022:
For the fiscal year ended June 30, 2024
Digital Real
Estate
Services
Subscription
Video
Services
Dow Jones
Book
Publishing
News Media
Other
Total
Revenues
(in millions)
Revenues:
Circulation and subscription$10 $1,643 $1,771 $— $1,085 $— $4,509 
Advertising
136 232 405 — 834 — 1,607 
Consumer
— — — 2,000 — — 2,000 
Real estate
1,284 — — — — — 1,284 
Other
228 42 55 93 267 — 685 
Total Revenues
$1,658 $1,917 $2,231 $2,093 $2,186 $— $10,085 
For the fiscal year ended June 30, 2023
Digital Real
Estate
Services
Subscription
Video
Services
Dow Jones
Book
Publishing
News Media
Other
Total
Revenues
(in millions)
Revenues:
Circulation and subscription
$12 $1,671 $1,689 $— $1,075 $— $4,447 
Advertising
140 227 413 — 907 — 1,687 
Consumer
— — — 1,899 — — 1,899 
Real estate
1,189 — — — — — 1,189 
Other
198 44 51 80 284 — 657 
Total Revenues
$1,539 $1,942 $2,153 $1,979 $2,266 $— $9,879 
For the fiscal year ended June 30, 2022
Digital Real
Estate
Services
Subscription
Video
Services
Dow Jones
Book
Publishing
News Media
Other
Total
Revenues
(in millions)
Revenues:
Circulation and subscription
$13 $1,753 $1,516 $— $1,143 $— $4,425 
Advertising
135 232 449 — 1,005 — 1,821 
Consumer
— — — 2,106 — — 2,106 
Real estate
1,347 — — — — — 1,347 
Other
246 41 39 85 275 — 686 
Total Revenues
$1,741 $2,026 $2,004 $2,191 $2,423 $— $10,385 
Summary of Deferred Revenue from Contracts with Customers The following table presents changes in the deferred revenue balance for the fiscal years ended June 30, 2024 and 2023:
For the fiscal years ended June 30,
20242023
(in millions)
Beginning balance$622 $604 
Deferral of revenue
3,638 3,624 
Recognition of deferred revenue (a)
(3,704)(3,606)
Other
(5)— 
Ending balance$551 $622 
(a)For the fiscal years ended June 30, 2024 and 2023, the Company recognized approximately $570 million and $561 million, respectively, of revenue which was included in the opening deferred revenue balance.