NOTE 14. 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 fiscal years ended June 30, | | 2025 | | 2024 | | 2023 | | (in millions, except per share amounts) | | Net income from continuing operations | $ | 648 | | | $ | 379 | | | $ | 228 | | | Net income (loss) from discontinued operations, net of tax | 692 | | | (25) | | | (41) | | | Net income | 1,340 | | | 354 | | | 187 | | | Net income attributable to noncontrolling interests from continuing operations | (168) | | | (110) | | | (65) | | | Net loss attributable to noncontrolling interests from discontinued operations | 8 | | | 22 | | | 27 | | | Net income attributable to News Corporation stockholders | $ | 1,180 | | | $ | 266 | | | $ | 149 | | | | | | | | | Weighted-average number of shares of common stock outstanding—basic | 567.7 | | | 571.2 | | | 576.4 | | | Dilutive effect of equity awards | 2.2 | | | 2.3 | | | 2.4 | | | Weighted-average number of shares of common stock outstanding—diluted | 569.9 | | | 573.5 | | | 578.8 | | | | | | | | | Net income (loss) attributable to News Corporation stockholders per share: | | | | | | | Basic: | | | | | | | Continuing operations | $ | 0.85 | | | $ | 0.47 | | | $ | 0.28 | | | Discontinued operations | 1.23 | | | — | | | (0.02) | | | $ | 2.08 | | | $ | 0.47 | | | $ | 0.26 | | | Diluted: | | | | | | | Continuing operations | $ | 0.84 | | | $ | 0.47 | | | $ | 0.28 | | | Discontinued operations | 1.23 | | | (0.01) | | | (0.02) | | | $ | 2.07 | | | $ | 0.46 | | | $ | 0.26 | |
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