CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2023 |
Dec. 31, 2022 |
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| Revenues: | ||||||
| Revenues | $ 2,586 | $ 2,521 | $ 5,085 | $ 4,999 | ||
| Total Revenues | 2,586 | 2,521 | 5,085 | 4,999 | | |
| Operating expenses | (1,281) | (1,294) | (2,554) | (2,567) | | |
| Selling, general and administrative | (832) | (818) | (1,694) | (1,673) | | |
| Depreciation and amortization | (179) | (174) | (350) | (353) | | |
| Impairment and restructuring charges | (13) | (19) | (51) | (40) | | |
| Equity losses of affiliates | (1) | (29) | (3) | (33) | | |
| Interest expense, net | (25) | (26) | (48) | (53) | | |
| Other, net | 22 | (6) | (13) | (24) | | |
| Total Other Expenses | -2309.0 | -2366.0 | -4713.0 | -4743.0 | 0 | |
| Income before income tax expense | 277 | 155 | 372 | 256 | | |
| Income tax expense | (94) | (61) | (131) | (96) | | |
| Net income | 183 | 94 | 241 | 160 | | |
| Net income attributable to noncontrolling interests | (27) | (27) | (55) | (53) | ||
| Net income attributable to News Corporation stockholders | $ 156 | $ 67 | $ 186 | $ 107 | ||
| Net income attributable to News Corporation stockholders per share: | ||||||
| Basic (in dollars per share) | $ 0.27 | $ 0.12 | $ 0.33 | $ 0.18 | ||
| Diluted (in dollars per share) | $ 0.27 | $ 0.12 | $ 0.32 | $ 0.18 | ||
| Circulation and subscription | ||||||
| Revenues: | ||||||
| Revenues | $ 1,119 | $ 1,085 | $ 2,248 | $ 2,196 | ||
| Advertising | ||||||
| Revenues: | ||||||
| Revenues | 438 | 464 | 829 | 870 | ||
| Consumer | ||||||
| Revenues: | ||||||
| Revenues | 527 | 512 | 1,029 | 979 | ||
| Real estate | ||||||
| Revenues: | ||||||
| Revenues | 327 | 301 | 638 | 624 | ||
| Other | ||||||
| Revenues: | ||||||
| Revenues | $ 175 | $ 159 | $ 341 | $ 330 | ||
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of nonoperating interest income (expense). No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of restructuring charges, remediation cost, and asset impairment loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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