| Schedule of Changes in Equity |
The following tables summarize changes in equity for the three months ended September 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended September 30, 2025 | | Class A Common
Stock | | Class B Common
Stock | | Additional
Paid-in
Capital | | Accumulated
Deficit | | Accumulated
Other
Comprehensive
Loss | | Total
News
Corp
Equity | | Non-controlling
Interests | | Total
Equity | | Shares | | Amount | | Shares | | Amount | | | | | | | | (in millions) | | Balance, June 30, 2025 | 377 | | | $ | 4 | | | 189 | | | $ | 2 | | | $ | 11,058 | | | $ | (747) | | | $ | (1,543) | | | $ | 8,774 | | | $ | 615 | | | $ | 9,389 | | | | | | | | | | | | | | | | | | | | | | | Net income | — | | | — | | | — | | | — | | | — | | | 112 | | | — | | | 112 | | | 38 | | | 150 | | | Other comprehensive (loss) income | — | | | — | | | — | | | — | | | — | | | — | | | (24) | | | (24) | | | 1 | | | (23) | | | Dividends | — | | | — | | | — | | | — | | | (57) | | | — | | | — | | | (57) | | | (47) | | | (104) | | | Share repurchases | (2) | | | — | | | (1) | | | — | | | (65) | | | (29) | | | — | | | (94) | | | — | | | (94) | | | Other | 1 | | | — | | | — | | | — | | | (7) | | | — | | | — | | | (7) | | | (1) | | | (8) | | | Balance, September 30, 2025 | 376 | | | $ | 4 | | | 188 | | | $ | 2 | | | $ | 10,929 | | | $ | (664) | | | $ | (1,567) | | | $ | 8,704 | | | $ | 606 | | | $ | 9,310 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended September 30, 2024 | | Class A
Common Stock | | Class B
Common Stock | | Additional
Paid-in
Capital | | Accumulated
Deficit | | Accumulated
Other
Comprehensive
Loss | | Total
News
Corp
Equity | | Non-controlling
Interests | | Total
Equity | | Shares | | Amount | | Shares | | Amount | | | | | | | | (in millions) | | Balance, June 30, 2024 | 379 | | | $ | 4 | | | 190 | | | $ | 2 | | | $ | 11,254 | | | $ | (1,889) | | | $ | (1,251) | | | $ | 8,120 | | | $ | 891 | | | $ | 9,011 | | | | | | | | | | | | | | | | | | | | | | | Net income | — | | | — | | | — | | | — | | | — | | | 119 | | | — | | | 119 | | | 25 | | | 144 | | | Other comprehensive income | — | | | — | | | — | | | — | | | — | | | — | | | 120 | | | 120 | | | 31 | | | 151 | | | Dividends | — | | | — | | | — | | | — | | | (57) | | | — | | | — | | | (57) | | | (35) | | | (92) | | | Share repurchases | (1) | | | — | | | — | | | — | | | (29) | | | (9) | | | — | | | (38) | | | — | | | (38) | | | Other | 1 | | | — | | | — | | | — | | | (11) | | | — | | | — | | | (11) | | | 1 | | | (10) | | | Balance, September 30, 2024 | 379 | | | $ | 4 | | | 190 | | | $ | 2 | | | $ | 11,157 | | | $ | (1,779) | | | $ | (1,131) | | | $ | 8,253 | | | $ | 913 | | | $ | 9,166 | |
|
| Schedule of Shares Repurchased and Subsequently Retired and the Related Consideration Paid |
The following table summarizes the shares repurchased under the Stock Repurchase Programs and subsequently retired and the related consideration paid during the three months ended September 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended September 30, | | 2025 | | 2024 | | Shares | | Amount | | Shares | | Amount | | (in millions) | Class A Common Stock | 2.1 | | | $ | 62 | | | 0.9 | | | $ | 25 | | Class B Common Stock | 0.9 | | | 32 | | | 0.4 | | | 13 | | Total | 3.0 | | | $ | 94 | | | 1.3 | | | $ | 38 | |
|