v3.25.4
SEGMENT INFORMATION (Tables)
 6 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated
Segment information is summarized as follows:
For the three months ended December 31, 2025
Dow JonesDigital Real Estate ServicesBook PublishingNews MediaOtherTotal
(in millions)
Segment information:
Revenues$648 $511 $633 $570 $— $2,362 
Significant segment expenses:
Operating expenses(237)(48)(432)(291)— (1,008)
Selling, general and administrative(220)(257)(102)(209)(45)(833)
Segment EBITDA$191 $206 $99 $70 $(45)$521 
Depreciation and amortization(118)
Impairment and restructuring charges(30)
Equity losses of affiliates(2)
Interest income, net9 
Other, net(13)
Income before income tax expense from continuing operations367 
Income tax expense from continuing operations(125)
Net income from continuing operations242 
Net income from discontinued operations, net of tax— 
Net income$242 
For the three months ended December 31, 2024
Dow JonesDigital Real Estate ServicesBook PublishingNews MediaOtherTotal
(in millions)
Segment information:
Revenues$600 $473 $595 $570 $— $2,238 
Significant segment expenses:
Operating expenses(240)(45)(390)(288)— (963)
Selling, general and administrative(186)(243)(104)(208)(56)(797)
Segment EBITDA$174 $185 $101 $74 $(56)$478 
Depreciation and amortization(113)
Impairment and restructuring charges(16)
Equity losses of affiliates(8)
Interest expense, net(3)
Other, net92 
Income before income tax expense from continuing operations430 
Income tax expense from continuing operations(124)
Net income from continuing operations306 
Net loss from discontinued operations, net of tax(23)
Net income$283 
For the six months ended December 31, 2025
Dow JonesDigital Real Estate ServicesBook PublishingNews MediaOtherTotal
(in millions)
Segment information:
Revenues$1,234 $990 $1,167 $1,115 $— $4,506 
Significant segment expenses:
Operating expenses(475)(101)(786)(587)— (1,949)
Selling, general and administrative(424)(525)(224)(428)(95)(1,696)
Segment EBITDA$335 $364 $157 $100 $(95)$861 
Depreciation and amortization(235)
Impairment and restructuring charges(49)
Equity losses of affiliates(4)
Interest expense, net15 
Other, net(9)
Income before income tax expense from continuing operations579 
Income tax expense from continuing operations(187)
Net income from continuing operations392 
Net loss from discontinued operations, net of tax— 
Net income$392 
For the six months ended December 31, 2024
Dow JonesDigital Real Estate ServicesBook PublishingNews MediaOtherTotal
(in millions)
Segment information:
Revenues$1,152 $930 $1,141 $1,111 $— $4,334 
Significant segment expenses:
Operating expenses(479)(92)(755)(589)— (1,915)
Selling, general and administrative(368)(513)(204)(430)(101)(1,616)
Segment EBITDA$305 $325 $182 $92 $(101)$803 
Depreciation and amortization(225)
Impairment and restructuring charges(38)
Equity losses of affiliates(11)
Interest expense, net(3)
Other, net114 
Income before income tax expense from continuing operations640 
Income tax expense from continuing operations(185)
Net income from continuing operations455 
Net loss from discontinued operations, net of tax(28)
Net income$427 
For the three months ended December 31,For the six months ended December 31,
2025202420252024
(in millions)
Depreciation and amortization:
Dow Jones$41 $38 $81 $77 
Digital Real Estate Services38 36 75 72 
Book Publishing14 13 29 26 
News Media24 25 48 48 
Other1 1 2 2 
Total Depreciation and amortization$118 $113 $235 $225 
For the three months ended December 31,For the six months ended December 31,
2025202420252024
(in millions)
Capital expenditures:
Dow Jones$23 $22 $38 $38 
Digital Real Estate Services37 36 75 75 
Book Publishing6 4 14 7 
News Media30 20 48 37 
Other3 — 5 — 
Total Capital expenditures
$99 $82 $180 $157 
Schedule of Reconciliation of Assets from Segments to Consolidated
As of
December 31, 2025		As of
June 30, 2025
(in millions)
Total assets:
Dow Jones$4,104 $4,134 
Digital Real Estate Services3,378 3,202 
Book Publishing3,003 2,767 
News Media2,095 2,102 
Other(a)
1,927 2,283 
Investments1,003 1,016 
Total assets$15,510 $15,504 
(a)The Other segment primarily includes Cash and cash equivalents.
Schedule of Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated
As of
December 31, 2025		As of
June 30, 2025
(in millions)
Goodwill and intangible assets, net:
Dow Jones$3,266 $3,256 
Digital Real Estate Services1,890 1,798 
Book Publishing927 941 
News Media308 308 
Total Goodwill and intangible assets, net$6,391 $6,303