WeWork (WE) Misses Q2 EPS by 19c

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Go back to WeWork (WE) Misses Q2 EPS by 19c

WeWork Reports Second Quarter 2022 Results

August 4, 2022 6:00 AM EDT

Revenue Increases 7% Quarter-over-Quarter and 37% Year-over-Year

NEW YORK--(BUSINESS WIRE)-- WeWork Inc. (NYSE: WE) ("WeWork"), the leading global flexible space provider, disclosed financial results today for the three months ended June 30, 2022. Second quarter and other recent highlights include:

Revenue for the second quarter was $815 million, an increase of 7% quarter-over-quarter and 37% year-over-year. Revenue using the Companys budgeted foreign exchange rates was $841 million, above the Companys guidance of $800 - $825 million. Consolidated physical occupancy in the second quarter was 72%, including committed memberships.

"From our core... More