Tag Archives: Sandeep Mathrani

‘Substantial doubt’ that WeWork can stay afloat, company says

By | | Uncategorized
Comments Off on ‘Substantial doubt’ that WeWork can stay afloat, company says

By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or eq… Continue reading →

WeWork takes bite out of losses as debt overhaul starts to pay off in Q1

By | | Uncategorized
Comments Off on WeWork takes bite out of losses as debt overhaul starts to pay off in Q1

The co-working behemoth posted a net loss of $299 million in the first quarter, a $205 million improvement from a year earlier, according to Q1 earnings data released Tuesday morning. Continue reading →

WeWork hits an earnings milestone in Q4 — but remains deep in the red

By | | Uncategorized
Comments Off on WeWork hits an earnings milestone in Q4 — but remains deep in the red

The embattled coworking giant posted a 75 percent quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26 million in losses, according to Q4 earnings on Thursday. Continue reading →

WeWork to close 40 locations across US amid otherwise promising Q3

By | | Uncategorized
Comments Off on WeWork to close 40 locations across US amid otherwise promising Q3

The co-working space lost $568 million in Q3, an improvement from the same period last year when it lost $802 million, according to earnings on Thursday. Its revenue hovered at $817 million, a 24 percent lift from 2021. Continue reading →

WeWork’s losses decline in Q2 as workers returned to the office

By | | Uncategorized
Comments Off on WeWork’s losses decline in Q2 as workers returned to the office

Net loss decreased 31 percent year over year as office occupancy returned to pre-pandemic levels, according to a Q2 earnings report released Thursday by WeWork. Continue reading →