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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Revenues:        
Revenues $ 2,362 $ 2,238 $ 4,506 $ 4,334
Total Revenues 2,362 2,238 4,506 4,334
Operating expenses (1,008) (963) (1,949) (1,915)
Selling, general and administrative (833) (797) (1,696) (1,616)
Depreciation and amortization (118) (113) (235) (225)
Impairment and restructuring charges (30) (16) (49) (38)
Equity losses of affiliates (2) (8) (4) (11)
Interest income (expense), net 9 (3) 15 (3)
Other, net (13) 92 (9) 114
Income before income tax expense from continuing operations 367 430 579 640
Income tax expense from continuing operations (125) (124) (187) (185)
Net income from continuing operations 242 306 392 455
Net loss from discontinued operations, net of tax 0 (23) 0 (28)
Net income 242 283 392 427
Net income attributable to noncontrolling interests from continuing operations (49) (78) (87) (109)
Net loss attributable to noncontrolling interests from discontinued operations 0 10 0 16
Net income attributable to News Corporation stockholders $ 193 $ 215 $ 305 $ 334
Basic        
Continuing operations (in dollars per share) $ 0.34 $ 0.40 $ 0.54 $ 0.61
Discontinued operations (in dollars per share) 0 (0.02) 0 (0.02)
Basic (in dollars per share) 0.34 0.38 0.54 0.59
Diluted        
Continuing operations (in dollars per share) 0.34 0.40 0.54 0.61
Discontinued operations (in dollars per share) 0 (0.02) 0 (0.02)
Diluted (in dollars per share) $ 0.34 $ 0.38 $ 0.54 $ 0.59
Circulation and subscription        
Revenues:        
Revenues $ 792 $ 745 $ 1,574 $ 1,488
Advertising        
Revenues:        
Revenues 389 385 706 706
Consumer        
Revenues:        
Revenues 607 572 1,117 1,093
Real estate        
Revenues:        
Revenues 401 377 771 734
Other        
Revenues:        
Revenues $ 173 $ 159 $ 338 $ 313