UPDATE: WeWork (WE) Reports Smaller Q4 Loss on Higher Revenue
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March 11, 2022 6:47 AM EST
NEW YORK--(BUSINESS WIRE)--
WeWork Inc. (NYSE: WE) ("WeWork"), a leading global exible space provider, today reported nancial results for its fourth quarter and scal year ending December 31, 2021.
For scal year 2021, consolidated gross desk sales totaled 593,000, the equivalent of 35.6 million square feet.
Total revenue for the fourth quarter 2021 was $718 million, an increase of $57 million quarter-over-quarter.
Occupancy in the fourth quarter 2021 increased 6 points quarter-over-quarter to 66%, including sold but not yet occupied memberships.
Company Operating Results
As of December 31, 2021, WeWork's systemwide real estate portfolio consisted of 756 locations across 38 countries,...
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