WeWork (WE) Misses Q3 EPS by 28c, Misses on Revenue; Offers FY22 Revenue Guidance

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Go back to WeWork (WE) Misses Q3 EPS by 28c, Misses on Revenue; Offers FY22 Revenue Guidance

WeWork Reports Third Quarter 2022 Results

November 10, 2022 6:00 AM EST

Revenue Increases 24% Year-over-Year
Extends Debt Maturity

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

Revenue for the third quarter was $817 million, an increase of 24% year-over-year. Revenue using the Companys budgeted foreign exchange rates was $868 million, an increase of 33% year-over-year. Extended commitment for, and maturity date of, the $500 million Senior Secured Notes to March 2025.

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