WeWork is still losing a lot of money—but it’s betting a return to the office will boost its revenues this year.
The Manhattan-based office company is projecting annual revenues between $3.35 and $3.5 billion this year, which would mark a roughly 30% increase from 2021. WeWork reported its second earnings as a public company Friday morning, showing $718 million in revenue from October through the end of 2021, up about 9% from the third quarter.
The firm lost about $800 million during the final quarter of 2021 and $4.6 billion on the year, up from $3.8 billion in 2020. The company is still recovering from the pandemic and
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