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Equity
 3 Months Ended
Sep. 30, 2024
Stockholders' Equity Note [Abstract]  
Equity
NOTE 6. EQUITY
The following tables summarize changes in equity for the three months ended September 30, 2024 and 2023:

For the three months ended September 30, 2024
Class A Common
Stock		Class B Common
Stock		Additional
Paid-in
Capital		Accumulated
Deficit		Accumulated
Other
Comprehensive
Loss		Total
News
Corp
Equity		Non-controlling
Interests		Total
Equity
SharesAmountSharesAmount
(in millions)
Balance, June 30, 2024379 $4 190 $2 $11,254 $(1,889)$(1,251)$8,120 $891 $9,011 
Net income— — — — — 119 — 119 25 144 
Other comprehensive income— — — — — — 120 120 31 151 
Dividends— — — — (57)— — (57)(35)(92)
Share repurchases(1)— — — (29)(9)— (38)— (38)
Other1 — — — (11)— — (11)1 (10)
Balance, September 30, 2024379 $4 190 $2 $11,157 $(1,779)$(1,131)$8,253 $913 $9,166 
For the three months ended September 30, 2023
Class A
Common Stock		Class B
Common Stock		Additional
Paid-in
Capital		Accumulated
Deficit		Accumulated
Other
Comprehensive
Loss		Total
News
Corp
Equity		Non-controlling
Interests		Total
Equity
SharesAmountSharesAmount
(in millions)
Balance, June 30, 2023380 $4 192 $2 $11,449 $(2,144)$(1,247)$8,064 $881 $8,945 
Net income— — — — — 30 — 30 28 58 
Other comprehensive loss— — — — — — (100)(100)(31)(131)
Dividends— — — — (57)— — (57)(28)(85)
Share repurchases(1)— — — (29)— — (29)— (29)
Other2 — — — (16)— — (16)(6)(22)
Balance, September 30, 2023381 $4 192 $2 $11,347 $(2,114)$(1,347)$7,892 $844 $8,736 
Stock Repurchases
The Company’s Board of Directors (the “Board of Directors”) has authorized a repurchase program to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock (the “Repurchase Program”). The manner, timing, number and share price of any repurchases will be determined by the Company at its discretion and will depend upon such factors as the market price of the stock, general market conditions, applicable securities laws, alternative investment opportunities and other factors. The Repurchase Program has no time limit and may be modified, suspended or discontinued at any time. As of September 30, 2024, the remaining authorized amount under the Repurchase Program was approximately $422 million.
Stock repurchases under the Repurchase Program commenced on November 9, 2021. The following table summarizes the shares repurchased and subsequently retired and the related consideration paid during the three months ended September 30, 2024 and 2023:
For the three months ended September 30,
20242023
Shares
Amount
Shares
Amount
(in millions)
Class A Common Stock
0.9 $25 1.0 $20 
Class B Common Stock
0.4 13 0.4 9 
Total
1.3 $38 1.4 $29 
Dividends
In August 2024, the Board of Directors declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. The dividend was paid on October 9, 2024 to stockholders of record as of September 11, 2024. The timing, declaration, amount and payment of future dividends to stockholders, if any, is within the discretion of the Board of Directors. The Board of Directors’ decisions regarding the payment of future dividends will depend on many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the Board of Directors deems relevant.