v3.25.2
SEGMENT INFORMATION (Tables)
 12 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).
Segment information is summarized as follows:
For the fiscal year ended June 30, 2025
Dow JonesDigital Real Estate ServicesBook PublishingNews MediaOtherTotal
(in millions)
Segment information:
Revenues$2,331 $1,802 $2,149 $2,170 $— $8,452 
Significant segment expenses:
Operating expenses(958)(186)(1,450)(1,142)— (3,736)
Selling, general and administrative(785)(1,015)(403)(875)(223)(3,301)
Segment EBITDA$588 $601 $296 $153 $(223)$1,415 
Depreciation and amortization(459)
Impairment and restructuring charges(132)
Equity losses of affiliates(15)
Interest income, net3 
Other, net111 
Income before income tax expense from continuing operations923 
Income tax expense from continuing operations(275)
Net income from continuing operations648 
Net income from discontinued operations, net of tax692 
Net income$1,340 
For the fiscal year ended June 30, 2024
Dow JonesDigital Real Estate ServicesBook PublishingNews MediaOtherTotal
(in millions)
Segment information:
Revenues$2,231 $1,658 $2,093 $2,270 $— $8,252 
Significant segment expenses:
Operating expenses(919)(190)(1,441)(1,264)— (3,814)
Selling, general and administrative(770)(960)(383)(873)(211)(3,197)
Segment EBITDA$542 $508 $269 $133 $(211)$1,241 
Depreciation and amortization(440)
Impairment and restructuring charges(133)
Equity losses of affiliates(6)
Interest expense, net(18)
Other, net(59)
Income before income tax expense from continuing operations585 
Income tax expense from continuing operations(206)
Net income from continuing operations379 
Net loss from discontinued operations, net of tax(25)
Net income$354 
For the fiscal year ended June 30, 2023
Dow JonesDigital Real Estate ServicesBook PublishingNews MediaOtherTotal
(in millions)
Segment information:
Revenues$2,153 $1,539 $1,979 $2,341 $— $8,012 
Significant segment expenses:
Operating expenses(934)(201)(1,469)(1,307)— (3,911)
Selling, general and administrative(725)(881)(343)(861)(202)(3,012)
Segment EBITDA$494 $457 $167 $173 $(202)$1,089 
Depreciation and amortization(415)
Impairment and restructuring charges(121)
Equity losses of affiliates(127)
Interest expense, net(49)
Other, net3 
Income before income tax expense from continuing operations380 
Income tax expense from continuing operations(152)
Net income from continuing operations228 
Net loss from discontinued operations, net of tax(41)
Net income$187 
Reconciliation of Depreciation and Amortization from Segments to Consolidated
For the fiscal years ended June 30,
202520242023
(in millions)
Depreciation and amortization:
Dow Jones$156 $153 $152 
Digital Real Estate Services146 137 123 
Book Publishing54 54 49 
News Media99 91 84 
Other4 5 7 
Total Depreciation and amortization$459 $440 $415 
For the fiscal years ended June 30,
202520242023
(in millions)
Capital expenditures:
Dow Jones$130 $100 $91 
Digital Real Estate Services154 131 130 
Book Publishing17 32 42 
News Media103 93 83 
Other3 1 1 
Total Capital expenditures$407 $357 $347 
As of June 30,
20252024
(in millions)
Goodwill and intangible assets, net:
Dow Jones$3,256 $3,248 
Digital Real Estate Services1,798 1,828 
Book Publishing941 914 
News Media308 294 
Other— — 
Total Goodwill and intangible assets, net$6,303 $6,284 
Reconciliation of Assets from Segments to Consolidated
As of June 30,
20252024
(in millions)
Total assets:
Dow Jones$4,134 $4,139 
Digital Real Estate Services3,202 3,020 
Book Publishing2,767 2,647 
News Media2,102 2,018 
Other(a)
2,283 1,858 
Investments1,016 429 
Assets from discontinued operations(b)
— 2,573 
Total assets$15,504 $16,684 
(a)The Other segment primarily includes Cash and cash equivalents.
(b)See Note 3—Discontinued Operations
Revenue and Long-Lived Assets by Geographic Region
Geographic Segments
For the fiscal years ended June 30,
202520242023
(in millions)
Revenues:(a)
U.S. and Canada(b)
$4,121 $4,004 $3,965 
Europe(c)
1,710 1,734 1,666 
Australasia and Other(d)
2,621 2,514 2,381 
Total Revenues
$8,452 $8,252 $8,012 
(a)Revenues are attributed to region based on location of customer.
(b)Revenues include approximately $4.0 billion for fiscal 2025, $3.9 billion for fiscal 2024 and $3.8 billion for fiscal 2023 from customers in the U.S.
(c)Revenues include approximately $1.2 billion for fiscal 2025, $1.3 billion for fiscal 2024 and $1.2 billion for fiscal 2023 from customers in the U.K.
(d)Australasia comprises Australia, Asia, Papua New Guinea and New Zealand. Revenues include approximately $2.2 billion for fiscal 2025, $2.1 billion for fiscal 2024 and $2.0 billion for fiscal 2023 from customers in Australia.
As of June 30,
20252024
(in millions)
Long-lived assets:(a)
U.S. and Canada$1,415 $1,414 
Europe924 858 
Australasia and Other781 762 
Total long-lived assets
$3,120 $3,034 
(a)Reflects total assets less current assets, goodwill, intangible assets, investments and deferred income tax assets.