{"schema_version":"secwatch.filing_event.v1","accession":"0001628369-23-000018","form_type":"8-K","ticker":"CWK","cik":"0001628369","company_name":"Cushman & Wakefield Ltd.","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.836828+00:00","generated_at":"2026-06-09T06:01:55.790039+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cushman & Wakefield Q3 net loss $33.9M; revenue down 9% YoY to $2.3B","bullets":["Q3 2023 revenue $2.3B (-9% YoY); service line fee revenue $1.6B (-11% YoY).","Net loss $33.9M, diluted EPS loss $0.15; adjusted diluted EPS $0.21 vs $0.43 prior year.","Leasing -16%, Capital markets -33%, Valuation -17% YoY; Property management flat.","YTD net loss $105.2M; adjusted EBITDA $357M, down 47%; liquidity $1.7B.","Achieved $98.2M gross cost savings YTD; expect to modestly exceed $130M target."],"urls":{"canonical":"https://secwatch.observer/filing/0001628369-23-000018","json":"https://secwatch.observer/filing/0001628369-23-000018.json","markdown":"https://secwatch.observer/filing/0001628369-23-000018.md","text":"https://secwatch.observer/filing/0001628369-23-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000018/0001628369-23-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000018/cwk-20231030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:01:55.790039+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1247caa5b3774f37051298199b8b6bcff2a359b1","claim":"Cushman & Wakefield Ltd. reported the nine months ended September 30, 2023 results: revenue Revenue of $6.9 billion, net income Net loss of $105.2 million, EPS diluted loss per share of $0.46.","evidence_excerpt":"CHICAGO (BUSINESS WIRE), October 30, 2023 — Cushman & Wakefield (NYSE: CWK) today reported financial results for the third quarter of 2023: Year-to-Date Results: • Revenue of $6.9 billion and service line fee revenue of $4.7 billion for the nine months ended September 30, 2023 decreased 7% and 12%, respectively, from the nine months ended September 30, 2022. ◦","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000018/0001628369-23-000018-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2023"},{"label":"Revenue","value":"Revenue of $6.9 billion"},{"label":"Net income","value":"Net loss of $105.2 million"},{"label":"EPS","value":"diluted loss per share of $0.46"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a83ff403a8be71318e384269a7cfdeab4e7ab982","claim":"Cushman & Wakefield Ltd. reported the third quarter of 2023 results: revenue $2.3 billion, net income net loss of $33.9 million, EPS diluted loss per share of $0.15.","evidence_excerpt":"consisting of availability on the Company's undrawn revolving credit facility of $1.1 billion and cash and cash equivalents of $0.6 billion. Third Quarter Results: • Revenue of $2.3 billion and service line fee revenue of $1.6 billion for the third quarter of 2023 decreased 9% and 11%, respectively, from the third quarter of 2022. ◦ Property, facilities and project","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628369/000162836923000018/0001628369-23-000018-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2023"},{"label":"Revenue","value":"$2.3 billion"},{"label":"Net income","value":"net loss of $33.9 million"},{"label":"EPS","value":"diluted loss per share of $0.15"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}