EARNINGS (LOSS) PER SHARE

9 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 9. 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 March 31,				For the nine months ended March 31,
	2025		2024		2025		2024
	(in millions, except per share amounts)
Net income from continuing operations	$	107	$	64	$	562	$	312
Net income (loss) from discontinued operations, net of tax	30		(22)		2		(29)
Net income	137		42		564		283
Net income attributable to noncontrolling interests from continuing operations	(26)		(22)		(135)		(86)
Net (income) loss attributable to noncontrolling interests from discontinued operations	(8)		10		8		19
Net income attributable to News Corporation stockholders	$	103	$	30	$	437	$	216
Weighted-average number of shares of common stock outstanding - basic	567.2		570.9		568.3		571.7
Dilutive effect of equity awards	2.3		2.7		2.0		2.0
Weighted-average number of shares of common stock outstanding - diluted	569.5		573.6		570.3		573.7
Net income (loss) attributable to News Corporation stockholders per share:
Basic
Continuing operations	$	0.14	$	0.07	$	0.75	$	0.40
Discontinued operations	$	0.04	$	(0.02)	$	0.02	$	(0.02)
	$	0.18	$	0.05	$	0.77	$	0.38
Diluted
Continuing operations	$	0.14	$	0.07	$	0.75	$	0.39
Discontinued operations	$	0.04	$	(0.02)	$	0.02	$	(0.01)
	$	0.18	$	0.05	$	0.77	$	0.38