Cushman & Wakefield Q3 2024 Earnings Report
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.
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Cushman & Wakefield Revenue by Segment
Forward Guidance
No specific forward guidance provided in the current document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income