---
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"
generated_at: "2026-06-09T06:01:55.790039+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cushman & Wakefield Q3 net loss $33.9M; revenue down 9% YoY to $2.3B

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628369-23-000018
- JSON: https://secwatch.observer/filing/0001628369-23-000018.json
- Plain text: https://secwatch.observer/filing/0001628369-23-000018.txt

## Key facts
- Earnings Releases
  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.
  - Period: the nine months ended September 30, 2023
  - Revenue: Revenue of $6.9 billion
  - Net income: Net loss of $105.2 million
  - EPS: diluted loss per share of $0.46
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1628369/000162836923000018/0001628369-23-000018-index.htm
- Earnings Releases
  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.
  - Period: the third quarter of 2023
  - Revenue: $2.3 billion
  - Net income: net loss of $33.9 million
  - EPS: diluted loss per share of $0.15
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1628369/000162836923000018/0001628369-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.