Related Party Transactions

12 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 16. RELATED PARTY TRANSACTIONS

Related Party Transactions

In the ordinary course of business, the Company enters into transactions with related parties to purchase and/or sell advertising and administrative services.

The following table sets forth the net revenue (expense) from related parties included in the Statements of Operations:

	For the fiscal years ended June 30,
	2024		2023		2022
	(in millions)
Related party revenue (expense), net	$	(27)	$	(9)	$	(5)

The following table sets forth the amount of receivables due from and payables due to related parties outstanding on the Balance Sheets:

	As of June 30,
	2024		2023
	(in millions)
Accounts receivable from related parties	$	11	$	8
Accounts payable to related parties	9		4

In addition, refer to Note 17—Commitments and Contingencies for discussion of the U.K. Newspaper Matters.