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WeWork’s first quarterly report since going public in October reveals losses, but improvements from the quarter prior.
According to the report, the company’s total revenue for the third quarter was $661 million, which is an 11% increase from the previous quarter.
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However, the company also saw a loss of $4.54 per share, which is still an improvement from the losses it saw of $5.51 per share one year ago.
The coworking firm’s shares were up 5% this morning.
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Source:
CNBC
