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
December 31, | | For the six months ended
December 31, | | 2025 | | 2024 | | 2025 | | 2024 | | (in millions, except per share amounts) | | Net income from continuing operations | $ | 242 | | | $ | 306 | | | $ | 392 | | | $ | 455 | | | Net loss from discontinued operations, net of tax | — | | | (23) | | | — | | | (28) | | | Net income | 242 | | | 283 | | | 392 | | | 427 | | | Net income attributable to noncontrolling interests from continuing operations | (49) | | | (78) | | | (87) | | | (109) | | | Net income attributable to noncontrolling interests from discontinued operations | — | | | 10 | | | — | | | 16 | | | Net income attributable to News Corporation stockholders | $ | 193 | | | $ | 215 | | | $ | 305 | | | $ | 334 | | | | | | | | | | | Weighted-average number of shares of common stock outstanding - basic | 560.6 | | | 568.5 | | | 562.8 | | | 568.8 | | | Dilutive effect of equity awards | 1.4 | | | 1.6 | | | 1.6 | | | 1.9 | | | Weighted-average number of shares of common stock outstanding - diluted | 562.0 | | | 570.1 | | | 564.4 | | | 570.7 | | | | | | | | | | | Net income (loss) attributable to News Corporation stockholders per share: | | | | | | | | | Basic | | | | | | | | | Continuing operations | $ | 0.34 | | | $ | 0.40 | | | $ | 0.54 | | | $ | 0.61 | | | Discontinued operations | $ | — | | | $ | (0.02) | | | — | | | (0.02) | | | $ | 0.34 | | | $ | 0.38 | | | $ | 0.54 | | | $ | 0.59 | | | Diluted | | | | | | | | | Continuing operations | $ | 0.34 | | | $ | 0.40 | | | $ | 0.54 | | | $ | 0.61 | | | Discontinued operations | $ | — | | | $ | (0.02) | | | — | | | (0.02) | | | $ | 0.34 | | | $ | 0.38 | | | $ | 0.54 | | | $ | 0.59 | |
|