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News Release For Immediate Release Operating highlights : Colliers Reports Strong First Quarter Results Updates and increases financial outlook for 2021 ( in millions of US $ , except EPS ) Revenues Adjusted EBITDA ( note 1 ) Adjusted EPS ( note 2 ) GAAP operating earnings GAAP diluted EPS COMPANY CONTACTS : Jay S. Hennick Chairman & Chief Executive Officer Colliers Christian Mayer Chief Financial Officer ( 416 ) 960-9500 $ Three months ended March 31 2021 774.9 92.1 1.04 40.0 0.11 $ 2020 630.6 54.5 0.54 18.5 0.11 TORONTO , Canada , May 4 , 2021 - Colliers International Group Inc. ( NASDAQ and TSX : CIGI ) ( " Colliers " or the " Company " ) today announced operating and financial results for the quarter ended March 31 , 2021. All amounts are in US dollars . For the quarter ended March 31 , 2021 , revenues were $ 774.9 million , up 23 % ( 18 % in local currency ) relative to the same quarter in the prior year , adjusted EBITDA ( note 1 ) was $ 92.1 million , up 69 % ( 65 % in local currency ) and adjusted EPS ( note 2 ) was $ 1.04 , up 93 % versus the prior year period . First quarter adjusted EPS would have been approximately $ 0.04 lower excluding foreign exchange impacts . GAAP operating earnings were $ 40.0 million , relative to $ 18.5 million in the prior year quarter . GAAP diluted