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EQUITY
3 Months Ended
Sep. 30, 2026
Stockholders' Equity Note [Abstract]  
EQUITY
NOTE 6. EQUITY
The following tables summarize changes in equity for the three months ended September 30, 2026 and 2025:
For the three months ended September 30, 2026
Class A Common
Stock
Class B Common
Stock
Additional
Paid-in
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Total
News
Corp
Equity
Non-controlling
Interests
Total
Equity
SharesAmountSharesAmount
(in millions)
Balance, June 30, 2026362 $4 181 $2 $10,380 $(312)$(1,548)$8,526 $710 $9,236 
Net income— — — — — 159 — 159 56 215 
Other comprehensive income— — — — — — 36 36 15 51 
Dividends— — — — (54)— — (54)(61)(115)
News Corp share repurchases(4)— (2)— (121)(46)— (167)— (167)
Other2 — — — (11)— — (11)8 (3)
Balance, September 30, 2026360 $4 179 $2 $10,194 $(199)$(1,512)$8,489 $728 $9,217 
For the three months ended September 30, 2025
Class A
Common Stock
Class B
Common Stock
Additional
Paid-in
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Total
News
Corp
Equity
Non-controlling
Interests
Total
Equity
SharesAmountSharesAmount
(in millions)
Balance, June 30, 2025377 $4 189 $2 $11,058 $(747)$(1,543)$8,774 $615 $9,389 
Net income— — — — — 112 — 112 38 150 
Other comprehensive (loss) income— — — — — — (24)(24)1 (23)
Dividends— — — — (57)— — (57)(47)(104)
News Corp share repurchases(2)— (1)— (65)(29)— (94)— (94)
Other1 — — — (7)— — (7)(1)(8)
Balance, September 30, 2025376 $4 188 $2 $10,929 $(664)$(1,567)$8,704 $606 $9,310 
Stock Repurchases
On September 22, 2021, the Company announced a stock repurchase program authorizing the Company to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock (the “2021 Repurchase Program”), which was completed during fiscal 2026. On July 15, 2025, the Company announced a new stock repurchase program authorizing the Company to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock (the “2025 Repurchase Program” and, together with the 2021 Repurchase Program, the “Stock Repurchase Programs”), which was in addition to the remaining authorized amount under the 2021 Repurchase Program at that time.
The manner, timing, number and share price of any repurchases will be determined by the Company at its discretion and will depend upon such factors as the market price of the stock, general market conditions, applicable securities laws, alternative investment opportunities and other factors. As of September 30, 2026, the remaining authorized amount under the 2025 Repurchase Program was approximately $501 million. The 2025 Repurchase Program has no time limit and may be modified, suspended or discontinued at any time.
The following table summarizes the shares repurchased and subsequently retired under the Stock Repurchase Programs and the related consideration paid, excluding associated taxes, fees, commissions or other costs, during the three months ended September 30, 2026 and 2025:
For the three months ended September 30,
20262025
Shares AmountSharesAmount
(in millions)
Class A Common Stock
3.9 $111 2.1 $62 
Class B Common Stock
1.7 55 0.9 32 
Total
5.6 $166 3.0 $94 
Dividends
In August 2026, the Company’s Board of Directors (the “Board of Directors”) declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. The dividend was paid on October 7, 2026 to stockholders of record as of September 9, 2026. The timing, declaration, amount and payment of future dividends to stockholders, if any, is within the discretion of the Board of Directors. The Board of Directors’ decisions regarding the payment of future dividends will depend on many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the Board of Directors deems relevant.