WeWork Inc - Ordinary Shares - Class A

-0.74 (-8.81%)
Earnings Announcements

WeWork Reports Q3 Loss Per Share $4.54

Published: 11/15/2021 12:47 GMT
WeWork Inc - Ordinary Shares - Class A (WE) - Wework Reports Third Quarter 2021 Results.
Q3 Revenue $661 Million.
Wework's Consolidated Physical Memberships Increased to 432,000, for a Physical Occupancy Rate of 56% As of End of September.
As of October, Preliminary Physical Occupancy Had Increased Three Percentage Points to 59%.
Consolidated Gross Desk Sales Totaled 155,000 in Q3.
Including Net Memberships That Are Contracted to Move In, Preliminary October Physical Occupancy Was 61%.
Consolidated New Desk Sales Totaled 84,000 in Q3.
Adjusted EBITDA Loss Was $356 Million for Q3.
In October, Wework Reported Preliminary Gross Desk Sales of 45,000.
All Access Memberships Increased to 32,000 in Q3, Up From 20,000 in Q2 2021.
Wework Ended Q3 With Pro Forma Cash and Unfunded Cash Commitments of $2.3 Billion.
Qtrly Loss per Share $4.54.