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INVESTMENTS (Tables)
6 Months Ended
Dec. 31, 2024
Schedule of Investments [Abstract]  
Schedule of Investments
The Company’s investments were comprised of the following:
Ownership Percentage as of December 31, 2024As of
December 31, 2024
As of
June 30, 2024
(in millions)
Equity method investments(a)
various$82 $215 
Equity and other securities(b)
various283 214 
Total Investments$365 $429 
(a)Equity method investments are primarily comprised of News UK’s joint venture with DMG Media. In December 2024, REA Group’s interest in PropertyGuru was acquired by a third party. A gain of approximately $87 million was recognized on the sale and recorded in Other, net. See Note 13—Additional Financial Information.
(b)Equity and other securities are primarily comprised of certain investments in China, Nexxen International, Ltd., REA Group’s investment in Athena Home Loans and RipJar Ltd., an artificial intelligence-focused data analytics company.
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
December 31,
For the six months ended
December 31,
2024202320242023
(in millions)(in millions)
Total gains (losses) recognized on equity securities$18 $13 $28 $(10)
Less: Net gains (losses) recognized on equity securities sold
— — — — 
Unrealized gains (losses) recognized on equity securities held at end of period$18 $13 $28 $(10)