BORROWINGS (Tables)

6 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Borrowings

The Company’s total borrowings consist of the following:

	Interest rate at December 31, 2025		Maturity at December 31, 2025	As of December 31, 2025		As of June 30, 2025
				(in millions)
News Corporation
2022 Term loan A(a)	5.477	%	Mar 31, 2027	$	463	$	475
2022 Senior notes	5.125	%	Feb 15, 2032	494		494
2021 Senior notes	3.875	%	May 15, 2029	994		993
REA Group(b)
2024 REA credit facility — tranche 1(c)	5.19	%	Sep 15, 2028	—		—
Total borrowings				1,951		1,962
Less: current portion(d)				(25)		(25)
Long-term borrowings				$	1,926	$	1,937

(a)The Company entered into an interest rate swap derivative to fix the floating rate interest component of its Term A Loans at 2.083%. For the three months ended December 31, 2025, the Company was paying interest at an effective interest rate of 3.458%. See Note 8—Financial Instruments and Fair Value Measurements.

(b)Borrowings under this facility are incurred by REA Group and certain of its subsidiaries (REA Group and certain of its subsidiaries, the “REA Debt Group”), consolidated but non wholly-owned subsidiaries of News Corp, and are only guaranteed by the REA Debt Group and are non-recourse to News Corp.

(c)This facility was amended during the six months ended December 31, 2025 to reduce the total amount available under the facility to A$200 million. As of December 31, 2025, REA Group had total undrawn commitments of A$200 million available under this facility.

(d)The current portion of long term debt as of December 31, 2025 and June 30, 2025 relates to required principal repayments on the 2022 Term Loan A.