---
schema_version: "secwatch.filing_event.v1"
accession: "0001628369-24-000008"
form_type: "8-K"
ticker: "CWK"
cik: "0001628369"
company_name: "Cushman & Wakefield Ltd."
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:34:51.409391+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cushman & Wakefield Q1 net loss narrows 62% to $28.8M; adjusted EBITDA up 28%

## Summary
- Revenue $2.18B down 3% YoY; service line fee revenue flat; Leasing +5%, Capital markets -1%.
- Net loss $28.8M ($0.13 diluted EPS) vs loss $76.4M ($0.34) in Q1 2023; adjusted EBITDA $78.1M +28%.
- Prepaid $50M term loans due 2025; repriced $1B term loans due 2030, saving ~$6M annual interest.
- Liquidity $1.7B ($1.1B undrawn revolver + $0.6B cash).
- CEO Michelle MacKay cited solid leasing growth, cost discipline, and margin expansion.

## SEC filing metadata
- accession: 0001628369-24-000008
- form_type: 8-K
- ticker: CWK
- cik: 0001628369
- company_name: Cushman & Wakefield Ltd.
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1628369/000162836924000008/0001628369-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628369/000162836924000008/cwk-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628369-24-000008
- JSON: https://secwatch.observer/filing/0001628369-24-000008.json
- Plain text: https://secwatch.observer/filing/0001628369-24-000008.txt

## Key facts
- Earnings Releases
  Cushman & Wakefield Ltd. reported first quarter of 2024 results: revenue $2.2 billion, net income Net loss of $28.8 million, EPS Diluted loss per share ... was $0.13.
  - Period: first quarter of 2024
  - Revenue: $2.2 billion
  - Net income: Net loss of $28.8 million
  - EPS: Diluted loss per share ... was $0.13
  - Result: reported results
  source text: to Services. The change was to the name only and had no impact on the composition of the Company’s service lines or its historical results. First Quarter Results: • Revenue of $2.2 billion for the first quarter of 2024 decreased 3% from the first quarter of 2023. Service line fee revenue was flat compared to the first quarter of 2023. ◦ Strong Leasing growth of 5%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628369/000162836924000008/0001628369-24-000008-index.htm

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