What is WeWork?

WeWork is a global network of workspaces where companies and people grow together. We transform buildings into dynamic environments for creativity, focus, and connection. More than just the best place to work, though, this is a movement toward humanizing work. We believe that CEOs can help each other, offices can use the comforts of home, and we can all look forward to Monday if we find real meaning in what we do. (source)

WeWork User Count

WeWork number of members:

• 2021: 432,000 members
• 2019: 527,000 members
• 2018: 401,000 members
• 2016: 87,000 members
• 2014: 15,000 members
• 2012: 4,000 members
• 2010: 450 members

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WeWork Revenue Totals

Revenue for 2018:

$1.8 billion

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2018 loss:

$1.9 billion

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Revenue for 2017:

$886 million

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2017 loss:

$933 million

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Estimated 2016 revenue:

$532 million

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Additional WeWork Statistics

WeWork number of locations:

• 2019: 625 offices
• 2018: 425 offices
• 2016: 111 offices
• 2014: 23 offices
• 2012: 7 offices
• 2010: 2 offices

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Number of cities WeWork has locations in:

• 2019: 111 cities Last updated 8/17/19
• 2018: 100 cities
• 2016: 34 cities
• 2014: 8 cities
• 2012: 3 cities
• 2010: 1 city

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Number of cities in the US WeWork has locations in:

25 cities

Last updated 1/17/19

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Number of countries WeWork has locations in:

29 countries

Last updated 8/17/19

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Number of desks offered :

719,000 total desks

Last updated 11/13/19

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WeWork’s total occupancy rate:

90%

Last updated 7/23/19

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Reported amount raised in private capital:

$8.4 billion

Last updated 7/23/19

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Reported valuation:

$47 billion

Last updated 4/3/19

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Average amount WeWork reportedly loses every hour:

$219,000

Last updated 7/3/19

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Reported amount Softbank invested in WeWork:

$6 billion

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Percentage of customers that have over 500 employees:

38%

Last updated 8/17/17

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Number of members in China:

20,000 members

Last updated 7/27/18

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Amount that big business leases generated in revenue for WeWork in 2017:

$250 million

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Number of locations in Manhattan:

33 locations

Last updated 6/20/17

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Number of locations in London:

17 offices

Last updated 12/6/17

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Number of offices in China:

40 offices

Last updated 7/27/18

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Number of locations in New York City:

57

Last updated 8/23/18

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Average occupancy rate for New York spaces:

90%

Last updated 3/22/18

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Estimated amount of space leased in New York City:

around 5.1 million sq ft

Last updated 8/23/18

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Reported amount that WeWork purchased Meetup for:

about $200 million

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Recent WeWork News

• WeWork Announces Acquisition of Common Desk, 01/26/2022
• WeWork and Upflex Sign Strategic Partnership to Enable Access to Global Network of 5,500 Flex Workspaces, 02/09/2022

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Please note that some of these numbers are easier to find than others. A few of these WeWork statistics come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.

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