WeWork Loss Narrows as Desk Sales Reach Prepandemic Levels
WeWork Inc.’s first-quarter loss narrowed sharply as gross desk sales reached prepandemic levels with the gradual return of employees in the U.S. to in-person work.
The shared-office company said Thursday its top line rose 28% from a year ago, with 166,000 desks sold, the highest level since the first quarter of 2020. Revenue was higher than WeWork’s forecast for the period and the company raised the low end of its revenue outlook for the year.
The results are the latest…