IWG Predicts Its Earnings To Be On The Lower End Of Market Expectations

More stories for you

New York City Approves New Pay Data Reporting Rule For Large Employers

2 days ago

When Teams Resist AI, Positive Peer Pressure Works Better Than Mandates

3 days ago

Coworking Meets Private Clubs As Los Angeles Tests A New Office Hybrid

3 days ago

Demand Is Up, Deals Are Not: Why U.S. Commercial Real Estate Is Stuck

3 days ago

Despite the flexible office market seeing a resurgence in recent months, IWG is predicting its annual earnings to be on the lower end of market estimates.   

According to the company, it is “cautiously optimistic” about its total earnings thanks to a spike in hybrid work demand, but inflation has kept substantial growth at bay. 

Advertisements

Annual market expectations for IWG sit between $350.69 million to $438.37 million.  

Despite forecasts being on the lower end of earnings, IWG’s revenue grew 24% in the nine months ending in September. 

Advertisements

In recent months, IWG has worked towards becoming a one-stop-shop for all flexible office needs by merging its digital assets with The Instant Group, giving users easier access to the company’s workspaces around the world. 

Advertisements