Revenue from memberships more than doubled last year, to $822 million, but expenses also more than doubled, to $1.81 billion.
Then:
Filling desks — and keeping them filled — is an important metric for WeWork, which says it has done so with 81% of them, higher than its minimum requirement of 60% occupancy to cover costs.
But it's not covering costs, and considering its rent obligations are so high, it may never be able to.
Then:
Filling desks — and keeping them filled — is an important metric for WeWork, which says it has done so with 81% of them, higher than its minimum requirement of 60% occupancy to cover costs.
But it's not covering costs, and considering its rent obligations are so high, it may never be able to.