Is WeWork Profitable 2024?

About WeWork

WeWork is a comapny that provides coworking spaces including both physical and virtual shared spaces.

History Of WeWork

WeWork was founded in 2010 by Adam Leumann and Miguel Mckelvey sold their business named GreenDesk and founded WeWork.

Revenue Of WeWork

2019: $3,451 million 2020: $3,416 million 2021: $2,574 million 2022: $3,245 million

Profit Of WeWork

2019: -$3,265 million 2020: -$3,129 million 2021: -$4,845 million 2022: -$2,034 million

Potential Of Profitability

The primary source of income of WeWork is leasing office spaces. But the company can further diversify by leveraging its extensive market, and tapping into emerging trends.

Net Loss Of WeWork

2019: -$3.3 million 2020: -$3.1 million 2021: -$4.4 million 2022: -$2.0 million

Is WeWork Profitable?

WeWork is a company that was once valued at $47 billion. However, nothing can't be said about the financial condition of WeWork.