Newmark Group delivered robust third-quarter results with a 25.9% increase in revenues year-over-year, driven by strong organic growth across all business lines and enhanced margins.
- Total revenues reached $863.5 million, marking the fifth consecutive quarter of double-digit growth in both revenue and earnings.
- Adjusted EPS rose 27.3% to $0.42, with adjusted EBITDA increasing 28.9% to $145.2 million, while EBITDA margin improved to 16.8%.
- Capital Markets revenues surged 59.7%, reflecting a 129% increase in total debt volumes, far outpacing the industry average.
- Newmark continues to expand internationally, launching services in India and growing its global team, indicating strong momentum for future growth.
Community Discussion