Cushman & Wakefield Q4 2023 Earnings Report
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.
Cushman & Wakefield
Cushman & Wakefield
Cushman & Wakefield Revenue by Segment
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