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16.02.2023 12:31:54
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WeWork Q4 Loss Narrows On Higher Revenues; Issues Q1 Outlook
(RTTNews) - WeWork Inc. (WE), a flexible space provider, reported Thursday that its fourth-quarter net loss attributable to the company was $454 million, compared to loss of $715 million last year.
Loss per share was $0.59, narrower than loss of $1.82 per share a year ago.
Revenue for the fourth quarter was $848 million, an increase of 18 percent from last year's $718 million.
Looking ahead, the company expects its first quarter 2023 revenue to be $830 million to $855 million and Adjusted EBITDA to be negative $25 million to breakeven.
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