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Jun 30, 2023
Cushman & Wakefield Q2 2023 Earnings Report
Cushman & Wakefield's financial performance declined due to challenges in transactional markets, while services business showed resilience.
Key Takeaways
Cushman & Wakefield reported a decrease in revenue and adjusted EBITDA for Q2 2023 compared to the previous year, primarily driven by declines in leasing and capital markets revenue. However, the services business demonstrated resilience, and the company continued to execute its strategic priorities.
Revenue decreased by 8% year-over-year to $2.4 billion.
Net income decreased to $5.1 million, a significant drop from $97.2 million in the prior year.
Adjusted EBITDA decreased by 44% year-over-year to $146.1 million.
The company's services business showed resilience amidst transactional market pressures.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Cushman & Wakefield did not provide specific forward guidance in this earnings report. The report focuses on Q2 2023 results and strategic priorities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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