v3.25.2
DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities of Foxtel and Operations of Foxtel
The following table summarizes the results of operations from the discontinued operations of Foxtel for the fiscal years ended June 30, 2025, 2024 and 2023:
For the fiscal years ended June 30,
202520242023
(in millions)
Revenues$1,393 $1,908 $1,928 
Operating expenses(940)(1,285)(1,259)
Selling, general and administrative(236)(325)(338)
Depreciation and amortization(a)
(156)(294)(299)
Impairment and restructuring charges(2)(5)(29)
Interest expense, net(51)(67)(51)
Other, net(b)
721 29 (2)
Income (loss) before income tax (expense) benefit729 (39)(50)
Income tax (expense) benefit(37)14 9 
Net income (loss)692 (25)(41)
Net loss attributable to noncontrolling interests8 22 27 
Net income (loss) attributable to News Corporation stockholders$700 $(3)$(14)
(a)Depreciation and amortization is not recognized for long-lived assets subsequent to their classification as held for sale.
(b)For fiscal 2025, Other, net primarily consists of the $716 million pre-tax gain on the sale of Foxtel.
The following table summarizes the major classes of assets and liabilities of Foxtel classified as discontinued operations as of June 30, 2024:
As of
June 30, 2024
(in millions)
Assets:
Current assets:
Cash and cash equivalents$88 
Receivables, net83 
Inventory, net30 
Other current assets139 
Total current assets340 
Non-current assets:
Investments1 
Property, plant and equipment, net642 
Operating lease right-of-use assets153 
Intangible assets, net374 
Goodwill850 
Other non-current assets213 
Total non-current assets$2,233 
Total assets$2,573 
Liabilities:
Current liabilities:
Accounts payable$60 
Accrued expenses245 
Deferred revenue68 
Current borrowings45 
Other current liabilities133 
Total current liabilities
551 
Non-current liabilities:
Borrowings762 
Deferred income tax liabilities, net98 
Operating lease liabilities115 
Other non-current liabilities20 
Total non-current liabilities$995 
Total liabilities$1,546