v3.25.2
RELATED PARTY TRANSACTIONS
 12 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
NOTE 15. RELATED PARTY TRANSACTIONS
Related Party Transactions
In the ordinary course of business, the Company enters into transactions with related parties to purchase and/or sell advertising and administrative services.
The following table sets forth the net revenue (expense) from related parties included in the Statements of Operations:
For the fiscal years ended June 30,
202520242023
(in millions)
Related party revenue (expense), net$(53)$(27)$(9)
The following table sets forth the amount of receivables due from and payables due to related parties outstanding on the Balance Sheets:
As of June 30,
20252024
(in millions)
Accounts receivable from related parties$14 $11 
Accounts payable to related parties16 9 
In addition, refer to Note 16—Commitments and Contingencies for discussion of the U.K. Newspaper Matters.