WeWork, the global co-working giant, doubled its revenue last year as it began to attract larger companies for longer periods, but losses continued to widen for the New York start-up.
The company, which has become a dominant force in London’s office property market, said total revenue for the year rose to $1.82bn, from $886m a year ago.
The jump in revenue was due to a rise in memberships to 401,000 at the end of 2018 from 186,000 in 2017, as the company’s presence grew to 100 cities and 27 countries. Many memberships now come from large corporations, which like the flexible leases that Wework offers and can work with it globally.
