Newmark changes non-GAAP definitions, excludes Nasdaq earn-out and 2021 Equity Event from Q3 2021

NEWMARK GROUP, INC.

Nasdaq earn-out accelerated on June 25, 2021; Newmark received Nasdaq shares and will exclude related gains, dividends, and mark-to-market from Q3 2021 non-GAAP results.
2021 Equity Event charges for cash paid to independent contractors for withholding taxes and HDU redemptions will be excluded from Adjusted Earnings and Adjusted EBITDA starting Q3 2021.
Non-GAAP definitions updated; management believes excluding these items better reflects underlying performance of ongoing operations.
Q2 2021 financial results were announced on August 6, 2021; specific earnings figures are not included in this filing body.

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