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Inventories, Net (Tables)
6 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventories, Net
The Company’s inventories were comprised of the following:
As of
December 31,
2025
As of
June 30,
2025
(in millions)
Licensed programming, including prepaid sports rights$1,073 $633 
Owned programming678 541 
Total inventories, net1,751 1,174 
Less: current portion of inventories, net(828)(432)
Total non-current inventories, net$923 $742 
Owned programming
Released$293 $308 
In-process or other385 233 
Total$678 $541 
Schedule of Inventories Aggregate Amortization Expense
The following table presents the aggregate amortization expense related to Inventories, net included in Operating expenses in the Statements of Operations:
For the three months ended December 31,
For the six months ended December 31,
2025202420252024
(in millions)
Total amortization expense$2,819 $2,758 $3,963 $3,888