Cushman & Wakefield Q1 net income $1.9M vs loss $28.8M; adjusted EBITDA +23%

Cushman & Wakefield Ltd.

2025-Q1 EPS reported $0.01 revenue$2,284,600,000

Revenue $2.3B (+5% YoY); leasing +8%, capital markets +11% drove growth.
Net income $1.9M (diluted EPS $0.01) vs net loss $28.8M (diluted loss $0.13) YoY.
Adjusted EBITDA $96.2M (+23%), margin 6.2% (+103bps); adjusted diluted EPS $0.09.
Prepaid $25M term loan due 2030; liquidity $1.7B as of March 31.
Services organic revenue +3% (4% local currency), two quarters ahead of target.

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