EARNINGS (LOSS) PER SHARE

9 Months Ended

Mar. 31, 2026

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,
	2026		2025		2026		2025
	(in millions, except per share amounts)
Net income from continuing operations	$	121	$	107	$	513	$	562
Net income from discontinued operations, net of tax	—		30		—		2
Net income	121		137		513		564
Net income attributable to noncontrolling interests from continuing operations	(32)		(26)		(119)		(135)
Net income attributable to noncontrolling interests from discontinued operations	—		(8)		—		8
Net income attributable to News Corporation stockholders	$	89	$	103	$	394	$	437

Weighted-average number of shares of common stock outstanding - basic	554.0		567.2		559.8		568.3
Dilutive effect of equity awards	1.7		2.3		1.7		2.0
Weighted-average number of shares of common stock outstanding - diluted	555.7		569.5		561.5		570.3

Net income attributable to News Corporation stockholders per share:
Basic
Continuing operations	$	0.16	$	0.14	$	0.70	$	0.75
Discontinued operations	$	—	$	0.04	—		0.02
	$	0.16	$	0.18	$	0.70	$	0.77
Diluted
Continuing operations	$	0.16	$	0.14	$	0.70	$	0.75
Discontinued operations	$	—	$	0.04	—		0.02
	$	0.16	$	0.18	$	0.70	$	0.77