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EQUITY
 9 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
EQUITY
NOTE 7. EQUITY
The following tables summarize changes in equity for the three and nine months ended March 31, 2026 and 2025:
For the three months ended March 31, 2026
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
SharesAmountSharesAmount
(in millions)
Balance, December 31, 2025372 $4 186 $2 $10,809 $(509)$(1,514)$8,792 $670 $9,462 
Net income— — — — — 89 — 89 32 121 
Other comprehensive (loss) income— — — — — — (23)(23)17 (6)
Dividends— — — — (55)— — (55)(45)(100)
News Corp share repurchases(5)— (2)— (162)(32)— (194)— (194)
Other— — — — (25)— — (25)23 (2)
Balance, March 31, 2026367 $4 184 $2 $10,567 $(452)$(1,537)$8,584 $697 $9,281 
For the three months ended March 31, 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
SharesAmountSharesAmount
(in millions)
Balance, December 31, 2024378 $4 189 $2 $11,141 $(1,574)$(1,424)$8,149 $876 $9,025 
Net income— — — — — 103 — 103 34 137 
Other comprehensive income— — — — — — 32 32 10 42 
Dividends— — — — (57)— — (57)(36)(93)
News Corp share repurchases(1)— — — (28)(9)— (37)— (37)
Other
— — — — 14 (1)— 13 (6)7 
Balance, March 31, 2025377 $4 189 $2 $11,070 $(1,481)$(1,392)$8,203 $878 $9,081 
For the nine months ended March 31, 2026
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
SharesAmountSharesAmount
(in millions)
Balance, June 30, 2025377 $4 189 $2 $11,058 $(747)$(1,543)$8,774 $615 $9,389 
Net income— — — — — 394 — 394 119 513 
Other comprehensive income— — — — — — 6 6 37 43 
Dividends— — — — (112)— — (112)(92)(204)
News Corp share repurchases(11)— (5)— (364)(99)— (463)— (463)
Other1 — — — (15)— — (15)18 3 
Balance, March 31, 2026367 $4 184 $2 $10,567 $(452)$(1,537)$8,584 $697 $9,281 
For the nine months ended March 31, 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
SharesAmountSharesAmount
(in millions)
Balance, June 30, 2024379 $4 190 $2 $11,254 $(1,889)$(1,251)$8,120 $891 $9,011 
Net income— — — — — 437 — 437 127 564 
Other comprehensive loss— — — — — — (141)(141)(64)(205)
Dividends— — — — (114)— — (114)(71)(185)
News Corp share repurchases(3)— (1)— (87)(28)— (115)— (115)
Other1 — — — 17 (1)— 16 (5)11 
Balance, March 31, 2025377 $4 189 $2 $11,070 $(1,481)$(1,392)$8,203 $878 $9,081 
Stock Repurchases
On September 22, 2021, the Company announced a stock repurchase program authorizing the Company to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock (the “2021 Repurchase Program”), which was completed during the three months ended March 31, 2026. On July 15, 2025, the Company announced a new stock repurchase program authorizing the Company to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock (the “2025 Repurchase Program” and, together with the 2021 Repurchase Program, the “Stock Repurchase Programs”), which was in addition to the remaining authorized amount under the 2021 Repurchase Program at that time.
The manner, timing, number and share price of any repurchases will be determined by the Company at its discretion and will depend upon such factors as the market price of the stock, general market conditions, applicable securities laws, alternative investment opportunities and other factors. The 2025 Repurchase Program has no time limit and may be modified, suspended or discontinued at any time. As of March 31, 2026, there was no authorized amount remaining under the 2021 Repurchase Program, and the remaining authorized amount under the 2025 Repurchase Program was approximately $851 million.
The following tables summarize the shares repurchased under the Stock Repurchase Programs and subsequently retired and the related consideration paid, excluding associated taxes, fees, commissions or other costs, during the three and nine months ended March 31, 2026 and 2025:
For the three months ended March 31,
20262025
Shares
Amount
Shares
Amount
(in millions)
Class A Common Stock
5.1 $126 0.8 $24 
Class B Common Stock
2.4 67 0.4 13 
Total
7.5 $193 1.2 $37 
For the nine months ended March 31,
20262025
Shares AmountSharesAmount
(in millions)
Class A Common Stock
11.6 $303 2.7 $75 
Class B Common Stock
5.2 156 1.3 40 
Total
16.8 $459 4.0 $115 
Additionally, on February 6, 2026, REA Group announced a share repurchase program authorizing REA Group to purchase up to A$200 million of its outstanding fully paid ordinary shares listed on the Australian Securities Exchange (“ASX”) (ASX: REA). The on-market share repurchases will be conducted from time to time in the ordinary course of trading. The exact amount and timing of the repurchases will be subject to market conditions, REA Group’s share price and other factors and is at REA Group’s discretion. During the third quarter of fiscal 2026, REA Group repurchased A$70 million (approximately US$49 million) of its shares, with approximately A$130 million remaining under its repurchase program.
Stockholders Agreement
On September 8, 2025, the Company entered into a new stockholders agreement (the “New Stockholders Agreement”) with LGC Holdco, LLC (“LGC Holdco”) and certain Murdoch family trusts (collectively, the “LGC Family Trusts”). In connection with this decision, the stockholders agreement between the Company and the Murdoch Family Trust (See Note 12—Stockholders’ Equity in the 2025 Form 10-K) was terminated.
The New Stockholders Agreement limits the LGC Family Trusts and LGC Holdco from owning, collectively with certain Murdoch family members (the “Murdoch Individuals”), more than 44% of the outstanding voting power of the shares of the Company’s Class B Common Stock (“Class B Shares”) and requires the LGC Family Trusts and LGC Holdco to forfeit votes to the extent necessary to ensure that the Murdoch Individuals, the LGC Family Trusts and LGC Holdco collectively do not exceed 44% of the outstanding voting power of the Class B Shares, except where a Murdoch Individual votes their own shares differently from the others on any matter. In addition, the New Stockholders Agreement provides (a) the Company with a right of first refusal with respect to any underwritten public offering of the Class B Shares held by the LGC Family Trusts or LGC Holdco to anyone other than the Murdoch Individuals and their affiliates, subject to certain exceptions, and (b) the LGC Family Trusts and LGC Holdco with certain customary registration rights. The New Stockholders Agreement will terminate upon the distribution of all or substantially all of the Class B Shares held by the LGC Family Trusts or LGC Holdco.
Dividends
In February 2026, the Company’s Board of Directors (the “Board of Directors”) declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. The dividend was paid on April 8, 2026 to stockholders of record as of March 11, 2026. The timing, declaration, amount and payment of future dividends to stockholders, if any, is within the discretion of the Board of Directors. The Board of Directors’ decisions regarding the payment of future dividends will depend on many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the Board of Directors deems relevant.