Earnings (Loss) Per Share

9 Months Ended

Mar. 31, 2021

EARNINGS (LOSS) PER SHARE

The following tables set forth the computation of basic and diluted earnings (loss) per share under ASC 260, “Earnings per Share”:


	For the three months ended March 31,				For the nine months ended March 31,
	2021		2020		2021		2020
	(in millions, except per share amounts)
Net income (loss)	$	96	$	(1,036)	$	404	$	(1,144)
Less: Net (income) loss attributable to noncontrolling interests	(17)		306		(60)		272
Net income (loss) attributable to News Corporation stockholders	$	79	$	(730)	$	344	$	(872)
Weighted-average number of shares of common stock outstanding - basic	590.8		588.3		590.3		587.7
Dilutive effect of equity awards(a)	3.7		—		2.3		—
Weighted-average number of shares of common stock outstanding - diluted	594.5		588.3		592.6		587.7

Net income (loss) attributable to News Corporation stockholders per share - basic and diluted	$	0.13	$	(1.24)	$	0.58	$	(1.48)

(a)The dilutive impact of the Company’s performance stock units, restricted stock units and stock options has been excluded from the calculation of diluted loss per share for the three and nine months ended March 31, 2020 because their inclusion would have an antidilutive effect on the net loss per share.