WeWork Loss Narrows as Desk Sales Reach Prepandemic Levels

WeWork Inc.’s first-quarter loss. shrank sharply as total desk sales hit pre-pandemic levels with employees in the US gradually returning to in-person work.

The shared office company on Thursday said its top revenue rose 28% from a year ago, with 166,000 desks sold, the highest level since the first quarter of 2020. Revenue is strong than WeWork forecast for the period, and the company raised the lowest level of its revenue outlook for the year.

https://www.wsj.com/articles/wework-loss-narrows-as-desk-sales-reach-prepandemic-levels-11652358425?mod=pls_whats_news_us_business_f WeWork Loss Narrows as Desk Sales Reach Prepandemic Levels

Edmund DeMarche

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