EQUITY

9 Months Ended

Mar. 31, 2025

Stockholders' Equity Note [Abstract]

EQUITY

NOTE 7. EQUITY

The following tables summarize changes in equity for the three and nine months ended March 31, 2025 and 2024:

	For the three months ended March 31, 2025
	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
	Shares	Amount		Shares	Amount
	(in millions)
Balance, December 31, 2024	378	$	4	189	$	2	$	11,141	$	(1,574)	$	(1,424)	$	8,149	$	876	$	9,025
Net income	—	—		—	—		—		103		—		103		34		137
Other comprehensive income	—	—		—	—		—		—		32		32		10		42
Dividends	—	—		—	—		(57)		—		—		(57)		(36)		(93)
Share repurchases	(1)	—		—	—		(28)		(9)		—		(37)		—		(37)
Other	—	—		—	—		14		(1)		—		13		(6)		7
Balance, March 31, 2025	377	$	4	189	$	2	$	11,070	$	(1,481)	$	(1,392)	$	8,203	$	878	$	9,081

	For the three months ended March 31, 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
	Shares	Amount		Shares	Amount
	(in millions)
Balance, December 31, 2023	380	$	4	191	$	2	$	11,334	$	(1,958)	$	(1,200)	$	8,182	$	920	$	9,102
Net income	—	—		—	—		—		30		—		30		12		42
Other comprehensive loss	—	—		—	—		—		—		(92)		(92)		(39)		(131)
Dividends	—	—		—	—		(57)		—		—		(57)		(29)		(86)
Share repurchases	(1)	—		(1)	—		(22)		(5)		—		(27)		—		(27)
Other	1	—		1	—		15		—		—		15		(7)		8
Balance, March 31, 2024	380	$	4	191	$	2	$	11,270	$	(1,933)	$	(1,292)	$	8,051	$	857	$	8,908

	For the nine months ended March 31, 2025
	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
	Shares	Amount		Shares	Amount
	(in millions)
Balance, June 30, 2024	379	$	4	190	$	2	$	11,254	$	(1,889)	$	(1,251)	$	8,120	$	891	$	9,011
Net income	—	—		—	—		—		437		—		437		127		564
Other comprehensive loss	—	—		—	—		—		—		(141)		(141)		(64)		(205)
Dividends	—	—		—	—		(114)		—		—		(114)		(71)		(185)
Share repurchases	(3)	—		(1)	—		(87)		(28)		—		(115)		—		(115)
Other	1	—		—	—		17		(1)		—		16		(5)		11
Balance, March 31, 2025	377	$	4	189	$	2	$	11,070	$	(1,481)	$	(1,392)	$	8,203	$	878	$	9,081

	For the nine months ended March 31, 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
	Shares	Amount		Shares	Amount
	(in millions)
Balance, June 30, 2023	380	$	4	192	$	2	$	11,449	$	(2,144)	$	(1,247)	$	8,064	$	881	$	8,945
Net income	—	—		—	—		—		216		—		216		67		283
Other comprehensive loss	—	—		—	—		—		—		(45)		(45)		(21)		(66)
Dividends	—	—		—	—		(114)		—		—		(114)		(57)		(171)
Share repurchases	(3)	—		(1)	—		(77)		(5)		—		(82)		—		(82)
Other	3	—		—	—		12		—		—		12		(13)		(1)
Balance, March 31, 2024	380	$	4	191	$	2	$	11,270	$	(1,933)	$	(1,292)	$	8,051	$	857	$	8,908

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 March 31, 2025, the remaining authorized amount under the Repurchase Program was approximately $345 million.

Stock repurchases under the Repurchase Program commenced on November 9, 2021. The following tables summarize the shares repurchased and subsequently retired and the related consideration paid during the three and nine months ended March 31, 2025 and 2024:

	For the three months ended March 31,
	2025			2024
	Shares	Amount		Shares	Amount
	(in millions)
Class A Common Stock	0.8	$	24	0.7	$	18
Class B Common Stock	0.4	13		0.3	9
Total	1.2	$	37	1.0	$	27

	For the nine months ended March 31,
	2025			2024
	Shares	Amount		Shares	Amount
	(in millions)
Class A Common Stock	2.7	$	75	2.5	$	56
Class B Common Stock	1.3	40		1.1	26
Total	4.0	$	115	3.6	$	82

Dividends

In February 2025, 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 April 9, 2025 to stockholders of record as of March 12, 2025. 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.