Cushman & Wakefield reported strong Q4 2021 results, with revenue increasing by 27% and adjusted EBITDA increasing by 76%. The company's performance was driven by growth in all segments and service lines, particularly in Capital Markets and Leasing. Strategic investments in Greystone and WeWork were completed during the quarter.
Revenue increased by 27% compared to the fourth quarter of 2020.
Leasing and Capital markets revenue surpassed pre-pandemic levels.
Net income and earnings per share were $146 million and $0.64, respectively.
Adjusted EBITDA increased 76% and Adjusted EBITDA margin increased nearly 365 basis points versus the prior year.
No specific forward guidance was provided in the press release.
Visualization of income flow from segment revenue to net income