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, | | 2026 | | 2025 | | 2024 | | (in millions, except per share amounts) | | Net income from continuing operations | $ | 743 | | | $ | 648 | | | $ | 379 | | | Net income (loss) from discontinued operations, net of tax | — | | | 692 | | | (25) | | | Net income | 743 | | | 1,340 | | | 354 | | | Net income attributable to noncontrolling interests from continuing operations | (170) | | | (168) | | | (110) | | | Net loss attributable to noncontrolling interests from discontinued operations | — | | | 8 | | | 22 | | | Net income attributable to News Corporation stockholders | $ | 573 | | | $ | 1,180 | | | $ | 266 | | | | | | | | | Weighted-average number of shares of common stock outstanding—basic | 556.5 | | | 567.7 | | | 571.2 | | | Dilutive effect of equity awards | 1.9 | | | 2.2 | | | 2.3 | | | Weighted-average number of shares of common stock outstanding—diluted | 558.4 | | | 569.9 | | | 573.5 | | | | | | | | | Net income (loss) attributable to News Corporation stockholders per share: | | | | | | | Basic: | | | | | | | Continuing operations | $ | 1.03 | | | $ | 0.85 | | | $ | 0.47 | | | Discontinued operations | — | | | 1.23 | | | — | | | $ | 1.03 | | | $ | 2.08 | | | $ | 0.47 | | | Diluted: | | | | | | | Continuing operations | $ | 1.03 | | | $ | 0.84 | | | $ | 0.47 | | | Discontinued operations | — | | | 1.23 | | | (0.01) | | | $ | 1.03 | | | $ | 2.07 | | | $ | 0.46 | |
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