NOTE 9. EARNINGS (LOSS) PER SHARE The following table sets forth the computation of basic and diluted earnings (loss) per share under ASC 260, Earnings per Share: | | | | | | | | | | | | | | | | | | | | | For the three months ended
September 30, | | | | | | 2025 | | 2024 | | | | | (in millions, except per share amounts) | | Net income from continuing operations | | | | | $ | 150 | | | $ | 149 | | | Net loss from discontinued operations, net of tax | | | | | — | | | (5) | | | Net income | | | | | 150 | | | 144 | | | Net income attributable to noncontrolling interests from continuing operations | | | | | (38) | | | (31) | | | Net income attributable to noncontrolling interests from discontinued operations | | | | | — | | | 6 | | | Net income attributable to News Corporation stockholders | | | | | $ | 112 | | | $ | 119 | | | | | | | | | | | Weighted-average number of shares of common stock outstanding - basic | | | | | 564.9 | | | 569.2 | | | Dilutive effect of equity awards | | | | | 2.0 | | | 2.0 | | | Weighted-average number of shares of common stock outstanding - diluted | | | | | 566.9 | | | 571.2 | | | | | | | | | | | Net income attributable to News Corporation stockholders per share: | | | | | | | | | Basic | | | | | | | | | Continuing operations | | | | | $ | 0.20 | | | $ | 0.21 | | | Discontinued operations | | | | | — | | | — | | | | | | | $ | 0.20 | | | $ | 0.21 | | | Diluted | | | | | | | | | Continuing operations | | | | | $ | 0.20 | | | $ | 0.21 | | | Discontinued operations | | | | | — | | | — | | | | | | | $ | 0.20 | | | $ | 0.21 | |
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