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.
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.
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.