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Sep 30, 2024
Cushman & Wakefield Q3 2024 Earnings Report
Cushman & Wakefield reported an increase in revenue and net income, driven by leasing growth and cost savings initiatives.
Key Takeaways
Cushman & Wakefield reported a 3% increase in revenue to $2.3 billion and a net income of $33.7 million for the third quarter of 2024, compared to a net loss of $33.9 million in the same quarter of the previous year. The company's performance was driven by strong leasing revenue growth, particularly in the Americas and APAC regions.
Revenue increased by 3% compared to the third quarter of 2023, reaching $2.3 billion.
Net income increased by $67.6 million compared to the third quarter of 2023, totaling $33.7 million.
Leasing grew 13% driven by industrial and office leasing in the Americas and APAC.
Adjusted EBITDA decreased 5% from the third quarter of 2023, with Adjusted EBITDA margin declining 72 basis points.
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
No specific forward guidance provided in the current document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income