NEWS CORP (NWS) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Jun-30-21	Jun-30-20	Jun-30-19	Jun-05-19	Jun-30-18	Jun-30-17
	10-K	10-K	10-K	10-K	10-K	8-K	10-K	10-K
Revenues:
Subscription Video Services	1,942	2,026	2,072	1,884	2,202		1,004	494
Book Publishing	1,979	2,191	1,985	1,666	1,754		1,758	1,636
Consumer	1,899	2,106	1,908	1,593	1,679		1,664	1,573
Digital Real Estate Services	1,539	1,741	1,393	1,065	1,159		1,141	938
Other	2,520	2,321	2,000	2,800	3,280		3,457	3,498
Total revenues [+]	9,879	10,385	9,358	9,008	10,074	10,074	9,024	8,139
Advertising						2,738
Revenue growth [+]	-4.9%	11.0%	3.9%	-10.6%	11.6%		10.9%	-1.8%
Subscription Video Services	-4.1%	-2.2%	10.0%	-14.4%	119.3%		103.2%
Book Publishing	-9.7%	10.4%	19.1%	-5.0%	-0.2%		7.5%
Consumer	-9.8%	10.4%	19.8%	-5.1%	0.9%		5.8%
Digital Real Estate Services	-11.6%	25.0%	30.8%	-8.1%	1.6%		21.6%
Real Estate	-11.7%	16.8%	33.8%	-5.1%	5.8%		23.3%
Cost of goods sold	5,124	-5,124	4,831	5,000	5,639	5,639	4,904	4,529
Gross profit	4,755	15,509	4,527	4,008	4,435	4,435	4,120	3,610
Gross margin	48.1%	149.3%	48.4%	44.5%	44.0%	44.0%	45.7%	44.4%
Selling, general and administrative	3,335	3,592	3,254	2,995	3,191	3,191	3,049	2,728
Equity in earnings	127	13	65	47	17	-17	1,006	-295
Other operating expenses	104	10,165	-38	-1,736	-154	718	1,661
EBITDA [+]	1,443	1,765	1,376	2,796	1,415	1,168	416	587
EBITDA growth	-18.2%	28.3%	-50.8%	97.6%	240.1%		-29.1%	-29.5%
EBITDA margin	14.6%	17.0%	14.7%	31.0%	14.0%	11.6%	4.6%	7.2%
Depreciation	555	548	568	536	533	659	372	358
EBITA	888	1,217	808	2,260	882	509	44	229
EBITA margin	9.0%	11.7%	8.6%	25.1%	8.8%	5.1%	0.5%	2.8%
Amortization of intangibles	159	140	112	108	126		100	91
EBIT [+]	729	1,077	696	2,152	756	509	-56	138
EBIT growth	-32.3%	54.7%	-67.7%	184.7%	-1450.0%		-140.6%	-57.9%
EBIT margin	7.4%	10.4%	7.4%	23.9%	7.5%	5.1%	-0.6%	1.7%
Non-recurring items [+]	300	218	336	3,660	376	188	702	927
Asset impairment	150	109	168	1,830	188		351	927
Interest expense	100	99	53	25	59		7	12
Interest expense	100	99	53	25	59		7	12
Other income (expense), net	1	52	143	9	33	33	-324	186
Pre-tax income	330	812	450	-1,524	354	354	-1,089	-615
Income taxes	143	52	61	21	126	126	355	28
Tax rate	43.3%	6.4%	13.6%		35.6%	35.6%
Minority interest	38	137	59	-276	73		70	95
Net income	149	623	330	-1,269	155	155	-1,514	-738
Net margin	1.5%	6.0%	3.5%	-14.1%	1.5%	1.5%	-16.8%	-9.1%

Basic EPS [+]	$0.26	$1.06	$0.56	($2.16)	$0.27		($2.60)	($1.27)
Growth	-75.5%	89.1%	-125.9%	-914.3%	-110.2%		104.7%	-549.4%
Diluted EPS [+]	$0.26	$1.05	$0.56	($2.16)	$0.26		($2.60)	($1.27)
Growth	-75.5%	89.1%	-125.8%	-918.7%	-110.1%		104.7%	-550.9%

Dividends per share [+]	$0.30	$0.30	$0.28	$0.27	$0.28		$0.27	$0.26
Growth	1.7%	7.5%	2.7%	-2.4%	1.6%		3.7%	30.7%

Shares outstanding (basic) [+]	576	590	590	588	585		583	581
Growth	-2.2%	-0.2%	0.4%	0.5%	0.3%		0.2%	0.1%
Shares outstanding (diluted) [+]	579	593	593	588	588		583	581
Growth	-2.3%	-0.2%	0.9%	0.0%	0.9%		0.2%	-0.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.