EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share under ASC 260, Earnings per Share:

	For the three months ended December 31,				For the six months ended December 31,
	2024		2023		2024		2023
	(in millions, except per share amounts)
Net income from continuing operations	$	306	$	194	$	455	$	248
Net loss from discontinued operations, net of tax	(23)		(11)		(28)		(7)
Net income	283		183		427		241
Net income from continuing operations attributable to noncontrolling interests	(78)		(34)		(109)		(64)
Net loss attributable to noncontrolling interests from discontinued operations	10		7		16		9
Net income attributable to News Corporation stockholders	$	215	$	156	$	334	$	186
Weighted-average number of shares of common stock outstanding - basic	568.5		571.9		568.8		572.1
Dilutive effect of equity awards	1.6		1.6		1.9		1.7
Weighted-average number of shares of common stock outstanding - diluted	570.1		573.5		570.7		573.8
Net income (loss) attributable to News Corporation stockholders per share:
Basic
Continuing operations	$	0.40	$	0.28	$	0.61	$	0.33
Discontinued operations	$	(0.02)	$	(0.01)	$	(0.02)	$	—
	$	0.38	$	0.27	$	0.59	$	0.33
Diluted
Continuing operations	$	0.40	$	0.28	$	0.61	$	0.32
Discontinued operations	$	(0.02)	$	(0.01)	$	(0.02)	$	—
	$	0.38	$	0.27	$	0.59	$	0.32