WeWork Investor Presentation Deck

Quarterly financial results (US$, millions) Adj. EBITDA Membership & Services Revenue Other Revenue Total Revenue Location Operating Expenses Pre-Opening Expenses (1) SG&A Adj. EBITDA Noncontrolling interest Pick-up from equity method investments Adj. EBITDA Attributable to WeWork Inc. Building Margin & Physical Membership ARPM Membership & Services Revenue Less: Unconsolidated Management Fee Revenue Adj. Membership & Services Revenue (A) Less: All Access & On Demand Revenue Physical Membership Revenue (B) Location Operating Expenses Less: Indirect Location Operating Expenses Adj. Location Operating Expenses (C) Building Margin (A - C) % Building Margin Average Physical Memberships (D) Physical Membership Monthly ARPM (B / D) ($, ones) 23 Q2'21 $565 28 593 (780) (43) (219) (449) 16 (2) (435) Q2'21 $565 1 564 13 551 (780) (24) (756) (192) (34%) 381k 482 Q3'21 $627 34 661 (752) (40) (225) (356) 23 (1) (334) Q3'21 $627 2 625 20 605 (752) (24) (728) (103) (16%) 416k 485 Q4'21 $696 21 718 (729) (42) (230) (283) 37 (2) (248) Q4'21 $696 2 694 29 665 (729) (26) (703) (9) (1%) 458k 484 Q1'22 $747 18 765 (734) (47) (196) (212) 26 0 (186) Q1'22 $747 3 744 36 708 (734) (24) (710) 34 5% 488k 484 Q2'22 $801 14 815 (734) (38) (177) (134) 24 2 (108) Q2'22 $801 5 796 45 751 (734) (24) (710) 86 11% 521k 481 Q3'22 $815 2 817 (729) (23) (170) (105) 17 2 (86) Q3'22 $815 6 809 47 762 (729) (25) (704) 105 13% 532k 477 See "Terms and definitions" page for definitions of Adjusted EBITDA and Building Margin. See "GAAP to non-GAAP reconciliations" page for a reconciliation of Adjusted EBITDA and Building Margin to their most comparable GAAP metric. 1. SG&A exclusive of stock-based compensation and other expenses excluded from Adjusted EBITDA Q4'22 $838 10 848 (711) (13) (150) (26) 6 2 (18) Q4'22 $838 4 834 50 784 (711) (21) (690) 144 17% 543k 481 Q1'23 $844 5 849 (723) (7) (148) (29) 10 2 (17) Q1'23 $844 6 $838 59 779 (723) (23) (700) 138 16% 530k 490 wework Ⓒ2023 WeWork

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