EARNINGS (LOSS) PER SHARE

12 Months Ended

Jun. 30, 2026

NOTE 14. 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 fiscal years ended June 30,
	2026		2025		2024
	(in millions, except per share amounts)
Net income from continuing operations	$	743	$	648	$	379
Net income (loss) from discontinued operations, net of tax	—		692		(25)
Net income	743		1,340		354
Net income attributable to noncontrolling interests from continuing operations	(170)		(168)		(110)
Net loss attributable to noncontrolling interests from discontinued operations	—		8		22
Net income attributable to News Corporation stockholders	$	573	$	1,180	$	266

Weighted-average number of shares of common stock outstanding—basic	556.5		567.7		571.2
Dilutive effect of equity awards	1.9		2.2		2.3
Weighted-average number of shares of common stock outstanding—diluted	558.4		569.9		573.5

Net income (loss) attributable to News Corporation stockholders per share:
Basic:
Continuing operations	$	1.03	$	0.85	$	0.47
Discontinued operations	—		1.23		—
	$	1.03	$	2.08	$	0.47
Diluted:
Continuing operations	$	1.03	$	0.84	$	0.47
Discontinued operations	—		1.23		(0.01)
	$	1.03	$	2.07	$	0.46