INVESTMENTS (Tables)

9 Months Ended

Mar. 31, 2026

Schedule of Investments [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:

	Ownership Percentage as of March 31, 2026	As of March 31, 2026		As of June 30, 2025
		(in millions)
Equity method investments(a)	various	$	98	$	85
Equity and other securities(b)	various	902		931
Total Investments		$	1,000	$	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, REA Group’s investment in Athena Home Loans and Nexxen International, Ltd.

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 March 31,				For the nine months ended March 31,
	2026		2025		2026		2025
	(in millions)				(in millions)
Total gains (losses) recognized on equity securities	$	(21)	$	(12)	$	(34)	$	16
Less: Net gains (losses) recognized on equity securities sold	—		(1)		(1)		(1)
Unrealized gains (losses) recognized on equity securities held at end of period	$	(21)	$	(11)	$	(33)	$	17