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Dec 31, 2023
Cushman & Wakefield Q4 2023 Earnings Report
Cushman & Wakefield's Q4 2023 results reflected a decrease in revenue and adjusted EBITDA, but an increase in net income, driven by lower income tax expense.
Key Takeaways
Cushman & Wakefield reported a 4% decrease in revenue to $2.6 billion for Q4 2023. Net income increased to $69.8 million, while adjusted EBITDA decreased by 3% to $213.1 million. Leasing increased 5%, while Capital markets declined 31%.
Revenue decreased 4% compared to Q4 2022, totaling $2.6 billion.
Service line fee revenue decreased 2% compared to Q4 2022, totaling $1.8 billion.
Net income increased to $69.8 million, with diluted earnings per share at $0.30.
Adjusted EBITDA decreased 3% to $213.1 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Company remains focused on unlocking meaningful value in 2024 and beyond by continuing to provide insightful advice, specialized expertise and disciplined execution for its clients.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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