Loading...
•
Sep 30, 2023
Cushman & Wakefield Q3 2023 Earnings Report
Cushman & Wakefield's financial results for Q3 2023 were reported, showing a decrease in revenue and a net loss, but with sequential EBITDA and margin improvement due to cost efficiency efforts.
Key Takeaways
For the third quarter of 2023, Cushman & Wakefield reported a revenue of $2.3 billion, a decrease of 9% compared to the same period in 2022. The company experienced a net loss of $33.9 million, and adjusted EBITDA was $150.0 million, down 26% year-over-year. Despite these declines, the company highlighted improvements in free cash flow and cost efficiency efforts.
Revenue decreased by 9% to $2.3 billion compared to Q3 2022.
Net loss was $33.9 million, a decrease compared to a net income of $23.9 million in Q3 2022.
Adjusted EBITDA decreased by 26% to $150.0 million compared to Q3 2022.
The company focused on refinancing debt and improving cost efficiency.
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
Cushman & Wakefield is focused on creating additional flexibility and optionality in its business, anticipating market trends, and capturing first-mover advantage as the market recovers.
Positive Outlook
- Providing compelling solutions and outstanding execution to clients.
- Client-centric approach.
- Proprietary data and insights.
- Dedicated team.
- Better anticipate market trends as the market recovers.
Challenges Ahead
- Challenging macroeconomic environment.
- Interest rate uncertainty.
- Adversely affect commercial real estate transaction volumes.
- Delay occupier decision making.
- Complex and evolving built world.
Revenue & Expenses
Visualization of income flow from segment revenue to net income