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INVESTMENTS (Tables)
3 Months Ended
Sep. 30, 2025
Schedule of Investments [Abstract]  
Schedule of Investments
The Company’s investments were comprised of the following:
Ownership Percentage as of September 30, 2025As of
September 30, 2025
As of
June 30, 2025
(in millions)
Equity method investments(a)
various$86 $85 
Equity and other securities(b)
various942 931 
Total Investments$1,028 $1,016 
(a)Equity method investments include News UK’s joint venture with DMG Media.
(b)Equity and other securities are primarily comprised of the Company’s interest in DAZN, certain investments in China, Nexxen International, Ltd., REA Group’s investment in Athena Home Loans and RipJar Ltd., an artificial intelligence-focused data analytics company.
Schedule of Total Gains and Losses on Equity Securities The components comprising total gains and losses on equity securities are set forth below:
For the three months ended
September 30,
20252024
(in millions)
Total gains (losses) recognized on equity securities$(1)$10 
Less: Net gains (losses) recognized on equity securities sold
— — 
Unrealized gains (losses) recognized on equity securities held at end of period$(1)$10