REVENUES (Tables)

3 Months Ended

Sep. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregated Revenue by Type and Segment

The following tables present the Company’s disaggregated revenues by type and segment for the three months ended September 30, 2026 and 2025:

	For the three months ended September 30, 2026
	Dow Jones		Digital Real Estate Services		Book Publishing		News Media		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	524	$	2	$	—	$	297	$	823
Advertising	93		43		—		187		323
Consumer	—		—		556		—		556
Real estate	—		418		—		—		418
Other	13		66		26		56		161
Total Revenues	$	630	$	529	$	582	$	540	$	2,281

	For the three months ended September 30, 2025
	Dow Jones		Digital Real Estate Services		Book Publishing		News Media		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	491	$	2	$	—	$	289	$	782
Advertising	85		41		—		191		317
Consumer	—		—		510		—		510
Real estate	—		370		—		—		370
Other	10		66		24		65		165
Total Revenues	$	586	$	479	$	534	$	545	$	2,144

Schedule of Changes in the Deferred Revenue Balance

The following table presents changes in the deferred revenue balance for the three months ended September 30, 2026 and 2025:

	For the three months ended September 30,
	2026		2025
	(in millions)
Balance, beginning of period	$	543	$	498
Deferral of revenue	801		809
Recognition of deferred revenue(a)	(802)		(801)
Other	4		(2)
Balance, end of period	$	546	$	504

(a)For the three months ended September 30, 2026 and 2025, the Company recognized $331 million and $292 million, respectively, of revenue which was included in the opening deferred revenue balance.