$NWS

NEWS CORP

CIK:0001564708|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Revenues:
Revenues:	$ 9,028	$ 8,452	$ 8,252
Total Revenues	9,028	8,452	8,252
Operating expenses	(3,892)	(3,736)	(3,814)
Selling, general and administrative	(3,509)	(3,301)	(3,197)
Depreciation and amortization	(485)	(459)	(440)
Impairment and restructuring charges	(113)	(132)	(133)
Equity losses of affiliates	(8)	(15)	(6)
Interest income (expense), net	29	3	(18)
Other, net	(4)	111	(59)
Income before income tax expense from continuing operations	1,046	923	585
Income tax expense from continuing operations	(303)	(275)	(206)
Net income from continuing operations	743	648	379
Net income (loss) from discontinued operations, net of tax	0	692	(25)
Net income	743	1,340	354
Net income attributable to noncontrolling interests from continuing operations	(170)	(168)	(110)
Net loss attributable to noncontrolling interests from discontinued operations	0	8	22
Net income attributable to News Corporation stockholders	$ 573	$ 1,180	$ 266
Basic:
Continuing operations (in dollars per share)	$ 1.03	$ 0.85	$ 0.47
Discontinued operations (in dollars per share)	0	1.23	0
Basic (in dollars per share)	1.03	2.08	0.47
Diluted:
Continuing operations (in dollars per share)	1.03	0.84	0.47
Discontinued operations (in dollars per share)	0	1.23	(0.01)
Diluted (in dollars per share)	$ 1.03	$ 2.07	$ 0.46
Circulation and subscription
Revenues:
Revenues:	$ 3,203	$ 3,009	$ 2,909
Advertising
Revenues:
Revenues:	1,391	1,367	1,400
Consumer
Revenues:
Revenues:	2,185	2,047	2,000
Real estate
Revenues:
Revenues:	1,571	1,410	1,284
Other
Revenues:
Revenues:	$ 678	$ 619	$ 659

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Operating activities:
Net income	$ 743	$ 1,340	$ 354
Net (income) loss from discontinued operations, net of tax	0	(692)	25
Net income from continuing operations	743	648	379
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and amortization	485	459	440
Operating lease expense	69	74	72
Equity losses of affiliates	8	15	6
Impairment charges	27	12	44
Deferred income taxes	41	83	31
Other, net	9	(107)	64
Change in operating assets and liabilities, net of acquisitions:
Receivables and other assets	(237)	(96)	(85)
Inventories, net	33	(46)	27
Accounts payable and other liabilities	59	(64)	(81)
Net cash provided by operating activities from continuing operations	1,237	978	897
Investing activities:
Capital expenditures	(426)	(407)	(357)
Acquisitions, net of cash acquired	(122)	(96)	(38)
Purchases of investments in equity affiliates and other	(60)	(154)	(96)
Proceeds from sales of investments in equity affiliates and other	89	274	81
Other, net	(20)	(23)	0
Net cash used in investing activities from continuing operations	(539)	(406)	(410)
Financing activities:
Borrowings	125	61	278
Repayment of borrowings	(100)	(203)	(409)
Repurchase of shares	(641)	(150)	(117)
Payments For The Repurchase of Subsidiary Common Stock	141	0	0
Dividends paid	(204)	(185)	(172)
Other, net	(53)	(47)	(63)
Net cash used in financing activities from continuing operations	(1,014)	(524)	(483)
Cash flows from discontinued operations:
Net cash (used in) provided by operating activities from discontinued operations	(6)	156	201
Net cash provided by (used in) investing activities from discontinued operations	0	253	(114)
Net cash (used in) provided by financing activities from discontinued operations	0	(39)	42
Net cash (used in) provided by discontinued operations	(6)	370	129
Net change in cash and cash equivalents, including discontinued operations	(322)	418	133
Effect of exchange rate changes on cash and cash equivalents, including discontinued operations	14	25	(6)
Cash and cash equivalents, including discontinued operations, beginning of year	2,403	1,960	1,833
Cash and cash equivalents, including discontinued operations, end of year	2,095	2,403	1,960
Less: Cash and cash equivalents at end of period of discontinued operations	0	0	(88)
Cash and cash equivalents	$ 2,095	$ 2,403	$ 1,872

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Jun. 30, 2026

Jun. 30, 2025

Current assets:

Cash and cash equivalents

$ 2,095

$ 2,403

Receivables, net

1,757

1,562

Inventory, net

302

327

Other current assets

328

519

Total current assets

4,482

4,811

Non-current assets:

Investments

1,002

1,016

Property, plant and equipment, net

1,398

1,331

Operating lease right-of-use assets

754

789

Intangible assets, net

1,837

1,930

Goodwill

4,542

4,373

Deferred income tax assets, net

251

254

Other non-current assets

1,278

1,000

Total assets

15,544

15,504

Current liabilities:

Accounts payable

412

335

Accrued expenses

1,080

1,036

Deferred revenue

543

498

Current borrowings

Other current liabilities

726

714

Total current liabilities

2,761

2,608

Non-current liabilities:

Borrowings

1,989

1,937

Retirement benefit obligations

117

Deferred income tax liabilities, net

108

Operating lease liabilities

840

904

Other non-current liabilities

513

492

Commitments and contingencies

Additional paid-in capital

10,380

11,058

Accumulated deficit

(312)

(747)

Accumulated other comprehensive loss

(1,548)

(1,543)

Total News Corporation stockholders’ equity

8,526

8,774

Noncontrolling interests

710

615

Total equity

9,236

9,389

Total liabilities and equity

15,544

15,504

Class A Common Stock

Non-current liabilities:

Common stock

^[1]

Class B Common Stock

Non-current liabilities:

Common stock

^[2]

$ 2

[1]	Class A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares authorized, 362,139,890 and 376,718,696 shares issued and outstanding, net of 27,368,413 treasury shares at par, at June 30, 2026 and June 30, 2025, respectively.
[2]	Class B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares authorized, 181,281,012 and 188,666,990 shares issued and outstanding, net of 78,430,424 treasury shares at par, at June 30, 2026 and June 30, 2025, respectively.