| Summary of Disaggregated Revenue by Type and Segment |
The following tables present the Company’s disaggregated revenues by type and segment for the fiscal years ended June 30, 2025, 2024 and 2023: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the fiscal year ended June 30, 2025 | | Dow Jones | | Digital Real Estate Services | | Book Publishing | | News Media | | Other | | Total Revenues | | (in millions) | Revenues: | | | | | | | | | | | | | Circulation and subscription | $ | 1,884 | | | $ | 7 | | | $ | — | | | $ | 1,118 | | | $ | — | | | $ | 3,009 | | Advertising | 396 | | | 151 | | | — | | | 820 | | | — | | | 1,367 | | Consumer | — | | | — | | | 2,047 | | | — | | | — | | | 2,047 | | Real estate | — | | | 1,410 | | | — | | | — | | | — | | | 1,410 | | Other | 51 | | | 234 | | | 102 | | | 232 | | | — | | | 619 | | Total Revenues | $ | 2,331 | | | $ | 1,802 | | | $ | 2,149 | | | $ | 2,170 | | | $ | — | | | $ | 8,452 | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the fiscal year ended June 30, 2024 | | Dow Jones | | Digital Real Estate Services | | Book Publishing | | News Media | | Other | | Total Revenues | | (in millions) | Revenues: | | | | | | | | | | | | Circulation and subscription | $ | 1,771 | | | $ | 10 | | | $ | — | | | $ | 1,128 | | | $ | — | | | $ | 2,909 | | Advertising | 405 | | | 136 | | | — | | | 859 | | | — | | | 1,400 | | Consumer | — | | | — | | | 2,000 | | | — | | | — | | | 2,000 | | Real estate | — | | | 1,284 | | | — | | | — | | | — | | | 1,284 | | Other | 55 | | | 228 | | | 93 | | | 283 | | | — | | | 659 | | Total Revenues | $ | 2,231 | | | $ | 1,658 | | | $ | 2,093 | | | $ | 2,270 | | | $ | — | | | $ | 8,252 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the fiscal year ended June 30, 2023 | | Dow Jones | | Digital Real Estate Services | | Book Publishing | | News Media | | Other | | Total Revenues | | (in millions) | Revenues: | | | | | | | | | | | | Circulation and subscription | $ | 1,689 | | | $ | 12 | | | $ | — | | | $ | 1,117 | | | $ | — | | | $ | 2,818 | | Advertising | 413 | | | 140 | | | — | | | 920 | | | — | | | 1,473 | | Consumer | — | | | — | | | 1,899 | | | — | | | — | | | 1,899 | | Real estate | — | | | 1,189 | | | — | | | — | | | — | | | 1,189 | | Other | 51 | | | 198 | | | 80 | | | 304 | | | — | | | 633 | | Total Revenues | $ | 2,153 | | | $ | 1,539 | | | $ | 1,979 | | | $ | 2,341 | | | $ | — | | | $ | 8,012 | |
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| Summary of Deferred Revenue from Contracts with Customers |
The following table presents changes in the deferred revenue balance for the fiscal years ended June 30, 2025 and 2024: | | | | | | | | | | | | | For the fiscal years ended June 30, | | 2025 | | 2024 | | (in millions) | | Beginning balance | $ | 483 | | | $ | 554 | | Deferral of revenue | 3,198 | | | 2,953 | | Recognition of deferred revenue(a) | (3,197) | | | (3,019) | | Other | 14 | | | (5) | | | Ending balance | $ | 498 | | | $ | 483 | |
(a)For the fiscal years ended June 30, 2025 and 2024, the Company recognized approximately $451 million and $504 million, respectively, of revenue which was included in the opening deferred revenue balance.
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