Investments (Tables)

3 Months Ended

Sep. 30, 2024

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of September 30, 2024	As of September 30, 2024		As of June 30, 2024
		(in millions)
Equity method investments(a)	various	$	223	$	216
Equity and other securities(b)	various	235		214
Total Investments		$	458	$	430

(a)Equity method investments are primarily comprised of REA Group’s ownership interest in PropertyGuru Group Ltd. (“PropertyGuru”). In August 2024, REA Group announced that PropertyGuru had entered into an agreement to be acquired by a third party, which will result in the divestiture of REA Group’s interest in PropertyGuru upon completion. The transaction is expected to close later in the fiscal year.

(b)Equity and other securities are primarily comprised of Nexxen International, Ltd., certain investments in China, RipJar Ltd., an artificial intelligence-focused data analytics company, and ARN Media Limited, which operates a portfolio of Australian radio media assets.

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 September 30,
	2024		2023
	(in millions)
Total gains (losses) recognized on equity securities	$	10	$	(23)
Less: Net gains (losses) recognized on equity securities sold	—		—
Unrealized gains (losses) recognized on equity securities held at end of period	$	10	$	(23)