| Schedule of Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated |
Segment information is summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended March 31, 2026 | | Dow Jones | | Digital Real Estate Services | | Book Publishing | | News Media | | Other | | Total | | (in millions) | | Segment information: | | | | | | | | | | | | | Revenues | $ | 619 | | | $ | 473 | | | $ | 555 | | | $ | 538 | | | $ | — | | | $ | 2,185 | | | Significant segment expenses: | | | | | | | | | | | | | Operating expenses | (244) | | | (46) | | | (366) | | | (296) | | | — | | | (952) | | | Selling, general and administrative | (228) | | | (272) | | | (116) | | | (227) | | | (47) | | | (890) | | | Segment EBITDA | $ | 147 | | | $ | 155 | | | $ | 73 | | | $ | 15 | | | $ | (47) | | | $ | 343 | | | Depreciation and amortization | (122) | | | Impairment and restructuring charges | (18) | | | Equity losses of affiliates | (1) | | | Interest income, net | 5 | | | Other, net | (18) | | | Income before income tax expense from continuing operations | 189 | | | Income tax expense from continuing operations | (68) | | | Net income from continuing operations | 121 | | | Net income from discontinued operations, net of tax | — | | | Net income | $ | 121 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended March 31, 2025 | | Dow Jones | | Digital Real Estate Services | | Book Publishing | | News Media | | Other | | Total | | (in millions) | | Segment information: | | | | | | | | | | | | | Revenues | $ | 575 | | | $ | 406 | | | $ | 514 | | | $ | 514 | | | $ | — | | | $ | 2,009 | | | Significant segment expenses: | | | | | | | | | | | | | Operating expenses | (234) | | | (46) | | | (349) | | | (275) | | | — | | | (904) | | | Selling, general and administrative | (209) | | | (236) | | | (101) | | | (206) | | | (63) | | | (815) | | | Segment EBITDA | $ | 132 | | | $ | 124 | | | $ | 64 | | | $ | 33 | | | $ | (63) | | | $ | 290 | | | Depreciation and amortization | (114) | | | Impairment and restructuring charges | (13) | | | Equity losses of affiliates | — | | | Interest income, net | 1 | | | Other, net | (13) | | | Income before income tax expense from continuing operations | 151 | | | Income tax expense from continuing operations | (44) | | | Net income from continuing operations | 107 | | | Net income from discontinued operations, net of tax | 30 | | | Net income | $ | 137 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the nine months ended March 31, 2026 | | Dow Jones | | Digital Real Estate Services | | Book Publishing | | News Media | | Other | | Total | | (in millions) | | Segment information: | | | | | | | | | | | | | Revenues | $ | 1,853 | | | $ | 1,463 | | | $ | 1,722 | | | $ | 1,653 | | | $ | — | | | $ | 6,691 | | | Significant segment expenses: | | | | | | | | | | | | | Operating expenses | (719) | | | (147) | | | (1,152) | | | (883) | | | — | | | (2,901) | | | Selling, general and administrative | (652) | | | (797) | | | (340) | | | (655) | | | (142) | | | (2,586) | | | Segment EBITDA | $ | 482 | | | $ | 519 | | | $ | 230 | | | $ | 115 | | | $ | (142) | | | $ | 1,204 | | | Depreciation and amortization | (357) | | | Impairment and restructuring charges | (67) | | | Equity losses of affiliates | (5) | | | Interest income, net | 20 | | | Other, net | (27) | | | Income before income tax expense from continuing operations | 768 | | | Income tax expense from continuing operations | (255) | | | Net income from continuing operations | 513 | | | Net income from discontinued operations, net of tax | — | | | Net income | $ | 513 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the nine months ended March 31, 2025 | | Dow Jones | | Digital Real Estate Services | | Book Publishing | | News Media | | Other | | Total | | (in millions) | | Segment information: | | | | | | | | | | | | | Revenues | $ | 1,727 | | | $ | 1,336 | | | $ | 1,655 | | | $ | 1,625 | | | $ | — | | | $ | 6,343 | | | Significant segment expenses: | | | | | | | | | | | | | Operating expenses | (713) | | | (138) | | | (1,104) | | | (864) | | | — | | | (2,819) | | | Selling, general and administrative | (577) | | | (749) | | | (305) | | | (636) | | | (164) | | | (2,431) | | | Segment EBITDA | $ | 437 | | | $ | 449 | | | $ | 246 | | | $ | 125 | | | $ | (164) | | | $ | 1,093 | | | Depreciation and amortization | (339) | | | Impairment and restructuring charges | (51) | | | Equity losses of affiliates | (11) | | | Interest expense, net | (2) | | | Other, net | 101 | | | Income before income tax expense from continuing operations | 791 | | | Income tax expense from continuing operations | (229) | | | Net income from continuing operations | 562 | | Net income from discontinued operations, net of tax | 2 | | | Net income | $ | 564 | |
| | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended March 31, | | For the nine months ended March 31, | | 2026 | | 2025 | | 2026 | | 2025 | | (in millions) | | Depreciation and amortization: | | | | | | | | | Dow Jones | $ | 41 | | | $ | 40 | | | $ | 122 | | | $ | 117 | | | Digital Real Estate Services | 39 | | | 35 | | | 114 | | | 107 | | | Book Publishing | 15 | | | 14 | | | 44 | | | 40 | | | News Media | 26 | | | 24 | | | 74 | | | 72 | | | Other | 1 | | | 1 | | | 3 | | | 3 | | | Total Depreciation and amortization | $ | 122 | | | $ | 114 | | | $ | 357 | | | $ | 339 | |
| | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended March 31, | | For the nine months ended March 31, | | 2026 | | 2025 | | 2026 | | 2025 | | (in millions) | Capital expenditures: | | | | | | | | | Dow Jones | $ | 26 | | | $ | 30 | | | $ | 64 | | | $ | 68 | | | Digital Real Estate Services | 39 | | | 39 | | | 114 | | | 114 | | | Book Publishing | 7 | | | 2 | | | 21 | | | 10 | | | News Media | 24 | | | 21 | | | 72 | | | 58 | | | Other | 4 | | | — | | | 9 | | | — | | Total Capital expenditures | $ | 100 | | | $ | 92 | | | $ | 280 | | | $ | 250 | |
|
| Schedule of Reconciliation of Assets from Segments to Consolidated |
| | | | | | | | | | | | | As of March 31, 2026 | | As of June 30, 2025 | | (in millions) | | Total assets: | | | | | Dow Jones | $ | 4,137 | | | $ | 4,134 | | | Digital Real Estate Services | 3,412 | | | 3,202 | | | Book Publishing | 2,834 | | | 2,767 | | | News Media | 2,133 | | | 2,102 | | Other(a) | 2,000 | | | 2,283 | | | Investments | 1,000 | | | 1,016 | | | | | | | Total assets | $ | 15,516 | | | $ | 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 March 31, 2026 | | As of June 30, 2025 | | (in millions) | | Goodwill and intangible assets, net: | | | | | Dow Jones | $ | 3,254 | | | $ | 3,256 | | | Digital Real Estate Services | 1,889 | | | 1,798 | | | Book Publishing | 913 | | | 941 | | | News Media | 306 | | | 308 | | | Total Goodwill and intangible assets, net | $ | 6,362 | | | $ | 6,303 | |
|