Losses were up more than 150% from last year as the company added a record number of desks.
In a slide deck shown to investors, WeWork said it lost $1.25 billion on revenue of $934 million.The company is currently paring back non-core businesses as it focuses on sustainable business practices rather than rapid growth.
The deck showed losses of $1.25 billion , up more than 150% from a loss of $497 million in the same period a year earlier. Revenue almost doubled to $934 million from $482 million. The company also said that occupancy rates had decreased to 79%, its lowest figure since mid-2017, as a result of a rapid buildout of new space.
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