Revenues (Tables)

3 Months Ended

Sep. 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 three months ended September 30, 2024 and 2023:

	For the three months ended September 30, 2024
	Dow Jones		Digital Real Estate Services		Book Publishing		Subscription Video Services		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	459	$	2	$	—	$	425	$	271	$	—	$	1,157
Advertising	85		38		—		65		193		—		381
Consumer	—		—		521		—		—		—		521
Real estate	—		357		—		—		—		—		357
Other	8		60		25		11		57		—		161
Total Revenues	$	552	$	457	$	546	$	501	$	521	$	—	$	2,577

	For the three months ended September 30, 2023
	Dow Jones		Digital Real Estate Services		Book Publishing		Subscription Video Services		News Media		Other		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	436	$	3	$	—	$	415	$	275	$	—	$	1,129
Advertising	91		35		—		62		203		—		391
Consumer	—		—		502		—		—		—		502
Real estate	—		311		—		—		—		—		311
Other	10		54		23		9		70		—		166
Total Revenues	$	537	$	403	$	525	$	486	$	548	$	—	$	2,499

Summary of Changes in the Deferred Revenue Balance

The following table presents changes in the deferred revenue balance for the three months ended September 30, 2024 and 2023:

	For the three months ended September 30,
	2024		2023
	(in millions)
Balance, beginning of period	$	551	$	622
Deferral of revenue	967		937
Recognition of deferred revenue(a)	(969)		(929)
Other	10		(6)
Balance, end of period	$	559	$	624

(a)For the three months ended September 30, 2024 and 2023, the Company recognized $340 million and $393 million, respectively, of revenue which was included in the opening deferred revenue balance.