NEWS CORP
For the period ended Dec 31, 2024. Filed Feb 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2024 · Filed Feb 6, 2025
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Consolidated Statements of Comprehensive Incomefor the
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Unaudited; millions)
| For the three months endedDecember 31, | For the six months endedDecember 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income | $283 | $183 | $427 | $241 |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustments | (418) | 215 | (248) | 70 |
| Net change in the fair value of cash flow hedges(a) | 10 | (17) | (6) | (18) |
| Benefit plan adjustments, net(b) | 10 | (2) | 7 | 13 |
| Other comprehensive (loss) income | (398) | 196 | (247) | 65 |
| Comprehensive (loss) income | (115) | 379 | 180 | 306 |
| Net income attributable to noncontrolling interests | (68) | (27) | (93) | (55) |
| Other comprehensive loss (income) attributable to noncontrolling interests(c) | 105 | (49) | 74 | (18) |
| Comprehensive (loss) income attributable to News Corporation stockholders | $(78) | $303 | $161 | $233 |
(a) Net of income tax expense (benefit) of $4 million and $(6) million for the three months ended December 31, 2024 and 2023, respectively, and $(2) million and $(7) million for the six months ended December 31, 2024 and 2023, respectively.
(b) Net of income tax expense (benefit) of $3 million and $(1) million for the three months ended December 31, 2024 and 2023, respectively, and $2 million and $4 million for the six months ended December 31, 2024 and 2023, respectively.
(c) Primarily consists of foreign currency translation adjustments.
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