WeWork Investor Presentation Deck

Quarterly financial results (US$, millions) Adj. EBITDA Membership & Services Revenue Other Revenue Total Revenue Total Revenue at Budget FX Rates Location Operating Expenses Pre-Opening Expenses SG&A (¹) Adj. EBITDA 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 Q4'20 $612 54 666 (813) (46) (279) (472) Q4'20 $612 3 609 609 (813) (21) (792) (183) (30%) 397k 512 Q1'21 $579 19 598 (809) (33) (201) (446) Q1'21 $579 4 575 9 567 (809) (25) (784) (209) (36%) 378k 500 Q2'21 $565 28 593 (780) (43) (219) (449) Q2'21 $565 1 564 13 551 (780) (24) (756) (192) (34%) 381k 482 Q3'21 $627 34 661 (752) (40) (225) (356) Q3'21 $627 2 625 20 605 (752) (24) (728) (103) (16%) 416k 485 Q4'21 $696 21 718 (729) (42) (230) (283) Q4'21 $696 2 694 29 665 (729) (26) (703) (9) (1%) 458k 484 Q1'22 $747 18 765 771 (734) (47) (196) (212) Q1'22 $747 3 744 36 708 (734) (24) (710) 34 5% Q2'22 $801 488k 484 488 14 815 841 (734) (38) (177) (134) Q2'22 $801 5 796 45 751 (734) (24) (710) 86 11% Q3'22 $815 2 817 868 (729) (23) (170) (105) 521k 481 497 Q3'22 $815 Less: Indirect Location Operating Expenses Adj. Location Operating Expenses (C) Building Margin (A - C) % Building Margin Average Physical Memberships (D) Physical Membership Monthly ARPM (B/ D) ($, ones) Physical Membership Monthly ARPM, Budget FX ($, ones) 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 26 6 809 47 762 (729) (25) (704) 105 13% 532k 477 508 Q4'22 $838 10 848 905 (711) (13) (150) (26) Q4'22 $838 4 834 50 784 (711) (21) (690) 144 17% 543k 481 514 wework © 2023 WeWork

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