WeWork Inc - Ordinary Shares - Class A

:BOWX   3:59:50 PM EDT
+0.14 (+1.11%)
4:13:41 PM EDT: $13.25 +0.09 (+0.65%)
Earnings Announcements, Mergers / Acquisitions

Wework Announces Preliminary Q3 Business Updates

Published: 10/07/2021 16:50 GMT
(BOWX) - :wework, Which is Merging With Bowx Acquisition Corp, Says Total Occupancy Continued to Trend Upwards at 60% As of End of September .
Wework Provides Investor Day Highlights, Announces Preliminary Q3 Business Updates.
Wework - Preliminary Total Revenue for Q3 Was $658 Million, With $228 Million in Revenue in September.
Wework - Bowx Merger on Track to Close on Or About October 21, 2021, Subject to Bowx Stockholder Approval.
Wework - All Access and Virtual Memberships Increased to 32,000 in Q3, Up From 20,000 in Q2 2021.
Wework - Consolidated Gross Desk Sales Totaled 154,000 in Q3, Or 9.2 Million Square Feet Sold.
Wework - As of Q2 2021, Wework Has Reduced Location Operating Expenses by $400 Million on a per Square Foot Basis Compared to Q4 2019.