v3.25.4

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2025	Dec. 31, 2024
Revenues:
Revenues	$ 2,362	$ 2,238	$ 4,506	$ 4,334
Total Revenues	2,362	2,238	4,506	4,334
Operating expenses	(1,008)	(963)	(1,949)	(1,915)
Selling, general and administrative	(833)	(797)	(1,696)	(1,616)
Depreciation and amortization	(118)	(113)	(235)	(225)
Impairment and restructuring charges	(30)	(16)	(49)	(38)
Equity losses of affiliates	(2)	(8)	(4)	(11)
Interest income (expense), net	9	(3)	15	(3)
Other, net	(13)	92	(9)	114
Income before income tax expense from continuing operations	367	430	579	640
Income tax expense from continuing operations	(125)	(124)	(187)	(185)
Net income from continuing operations	242	306	392	455
Net loss from discontinued operations, net of tax	0	(23)	0	(28)
Net income	242	283	392	427
Net income attributable to noncontrolling interests from continuing operations	(49)	(78)	(87)	(109)
Net loss attributable to noncontrolling interests from discontinued operations	0	10	0	16
Net income attributable to News Corporation stockholders	$ 193	$ 215	$ 305	$ 334
Basic
Continuing operations (in dollars per share)	$ 0.34	$ 0.40	$ 0.54	$ 0.61
Discontinued operations (in dollars per share)	0	(0.02)	0	(0.02)
Basic (in dollars per share)	0.34	0.38	0.54	0.59
Diluted
Continuing operations (in dollars per share)	0.34	0.40	0.54	0.61
Discontinued operations (in dollars per share)	0	(0.02)	0	(0.02)
Diluted (in dollars per share)	$ 0.34	$ 0.38	$ 0.54	$ 0.59
Circulation and subscription
Revenues:
Revenues	$ 792	$ 745	$ 1,574	$ 1,488
Advertising
Revenues:
Revenues	389	385	706	706
Consumer
Revenues:
Revenues	607	572	1,117	1,093
Real estate
Revenues:
Revenues	401	377	771	734
Other
Revenues:
Revenues	$ 173	$ 159	$ 338	$ 313

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.

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NEWS CORP 10-Q