WeWork Inc - Ordinary Shares - Class A

NYSE:WE   3:59:52 PM EDT
6.95
+0.39 (+5.94%)
4:24:41 PM EDT: $6.85 -0.10 (-1.44%)
Other Pre-Announcement

WeWork Q1 Revenue Rose 28% To $765 Million

Published: 05/12/2022 11:16 GMT
WeWork Inc - Ordinary Shares - Class A (WE) - Wework Reports First Quarter 2022 Results, Exceeding Revenue Guidance.
Sees Q2 Revenue $800 Million to $825 Million.
Sees FY Revenue $3.4 Billion to $3.5 Billion.
Q1 Revenue Rose 28 Percent to $765 Million.
Tightened Range of Guidance for Q2 2022, to $800 - 825 Million From $775 - 825 Million Announced Previously.
Enhanced Its Liquidity Profile Through a $350 Million Junior Lc Tranche Backed by Brookfield Asset Management.
Qtrly Loss per Share $0.57.
Q1 2022 Operating Cash Flow Was Negative $338 Million and Free Cash Flow Was Negative $412 Million.
All Access Memberships Grew to 55,000 Memberships As of March 31, 2022, an Increase of 22% Quarter-over-quarter.
As of Q1, All Access Arpm Was $235, Yielding an Annual Run-rate Revenue of $155 Million As of March.