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Jun 30, 2021
Cushman & Wakefield Q2 2021 Earnings Report
Cushman & Wakefield's financial performance improved significantly, driven by revenue growth across all segments and cost reduction actions.
Key Takeaways
Cushman & Wakefield reported strong financial results for the second quarter of 2021, with revenue up 29% to $2.2 billion and adjusted EBITDA up 85% to $219.9 million. The company's performance was driven by a recovery in brokerage activity, particularly in the Americas, and by cost reduction actions and operating efficiency initiatives.
Revenue increased by 29% year-over-year to $2.2 billion.
Net income was $52.7 million, with earnings per share of $0.23.
Adjusted EBITDA grew by 85% year-over-year to $219.9 million.
Adjusted EBITDA margin expanded by 335 basis points to 13.5%.
Cushman & Wakefield
Cushman & Wakefield
Cushman & Wakefield Revenue by Segment
Cushman & Wakefield Revenue by Geographic Location
Revenue by Segment
Services Revenue
CapyFin.comLeasing Revenue
CapyFin.comCapital Markets Revenue
CapyFin.comValuation and Other Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income