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
March 31, | | For the nine months ended
March 31, | | 2026 | | 2025 | | 2026 | | 2025 | | (in millions, except per share amounts) | | Net income from continuing operations | $ | 121 | | | $ | 107 | | | $ | 513 | | | $ | 562 | | | Net income from discontinued operations, net of tax | — | | | 30 | | | — | | | 2 | | | Net income | 121 | | | 137 | | | 513 | | | 564 | | | Net income attributable to noncontrolling interests from continuing operations | (32) | | | (26) | | | (119) | | | (135) | | | Net income attributable to noncontrolling interests from discontinued operations | — | | | (8) | | | — | | | 8 | | | Net income attributable to News Corporation stockholders | $ | 89 | | | $ | 103 | | | $ | 394 | | | $ | 437 | | | | | | | | | | | Weighted-average number of shares of common stock outstanding - basic | 554.0 | | | 567.2 | | | 559.8 | | | 568.3 | | | Dilutive effect of equity awards | 1.7 | | | 2.3 | | | 1.7 | | | 2.0 | | | Weighted-average number of shares of common stock outstanding - diluted | 555.7 | | | 569.5 | | | 561.5 | | | 570.3 | | | | | | | | | | | Net income attributable to News Corporation stockholders per share: | | | | | | | | | Basic | | | | | | | | | Continuing operations | $ | 0.16 | | | $ | 0.14 | | | $ | 0.70 | | | $ | 0.75 | | | Discontinued operations | $ | — | | | $ | 0.04 | | | — | | | 0.02 | | | $ | 0.16 | | | $ | 0.18 | | | $ | 0.70 | | | $ | 0.77 | | | Diluted | | | | | | | | | Continuing operations | $ | 0.16 | | | $ | 0.14 | | | $ | 0.70 | | | $ | 0.75 | | | Discontinued operations | $ | — | | | $ | 0.04 | | | — | | | 0.02 | | | $ | 0.16 | | | $ | 0.18 | | | $ | 0.70 | | | $ | 0.77 | |
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