90-day game plan
Revenue building blocks
How WeWork desks generate revenue
Based on September 2019
676K
desks
80%
Total Occupancy
WeWork run-rate revenue(2)
74% YoY WeWork
I
Growth
539K
WeWork Memberships
$2.2B
$1.9B
$1.6B
$1.4B
$1.1B
$1.OB
$0.8B
$514
$0.7B
* 12
ARPM (1)
WeWork Run-rate Revenue (2)
$3.4B
$3.0B
$2.7B
1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18
1Q19
2Q19
3Q19 E
Ventures
0.0B 0.0B 0.1B 0.0B
0.1B 0.2B 0.1B 0.2B
0.3B
0.4B
0.8B
Total 0.7B
0.8B
1.1B
1.1B
1.5B 1.8B
2.OB 2.4B 3.OB 3.3B
4.2B
Note: Figures as of September 2019; total desks and physical memberships exclude India; financial figures represent Whole Co (including JVs). Q3'19E financials and metrics are preliminary and subject to change. See "Disclaimer" for additional information.
Implied average membership and services revenue per physical membership. Includes IndiaCo.
(1)
(2) Run-rate revenue represents monthly membership and services revenue multiplied by 12 (E.g. September 2019 run-rate revenue represents September 2019 revenue multiplied by 12). Includes India.
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