WeWork: The latest figures, news and market research on WeWork

Turnover: 20.267 million EUR (2022)

Country: United States

WeWork is an American company founded in 2010. It offers shared office space for start-ups and other forms of enterprise.

In 2019, it had 600,000 members worldwide, spread over almost 850 locations

WeWork is the market leader in shared office space.

2019 was a hectic year for the company;

The company attempted to raise $3.5 billion in an IPO, but this failed and the company's valuation fell from $47 billion to $10 billion

Real estate: WeWork closes half of its sites in the Paris region 30/04/2024

- WeWork will retain 12 of its 20 sites in the Paris region.
- 5 multi-company sites in Paris will close, located in the 8th, 9th, 17th and 19th arrondissements, along with 3 premises dedicated to a single customer.
- The La Défense site, the Group's only facility outside Paris, closed at the end of December.
- The company retains its full workforce of 84 employees.
- Customer departures following these changes represent 10% of accounts and 5% of occupied offices.
- WeWork has signed agreements to renegotiate 170 leases worldwide.
- The company plans to vacate more than 160 sites worldwide.

WeWork leaves La Défense 18/01/2024

The WeWork site at 30 Terrasse Bellini in Puteaux, the only one in La Défense, recently closed its doors.
Despite the closure at La Défense, the company says it intends to maintain a strong presence in Paris, where it has 14 possible sites.

DUNS: 813490364

Legal Name: WEWORK FRANCE

Address: 95 RUE LA BOETIE , 75008 PARIS 8

Number of employees: Entre 50 et 99 salariés (2020)

Capital: 5 020 000 EUR

Financial Data:

Year	2021	2019	2018	2017	2016
Turnover	13 111 616	7 544 835	1 767 713	1 832 927	130 153
Gross margin (€)	14 832 928	10 144 420	1 783 893	1 847 593	130 153
EBITDA (€)	-263 677	-4 510 300	-582 967	-65 806	-21 062
Operating profit (€)	1 104 132	-1 947 733	-590 486	-66 710	-21 062
Net profit (€)	20 820 567	-4 473 972	-675 579	-79 569	-34 147
Turnover growth rate (%)	15,4	326,8	-3,6	1 308,3	-
Ebitda margin rate (%)	-2	-59,8	-33	-3,6	-16,2
Operating margin rate (%)	8,4	-25,8	-33,4	-3,6	-16,2
Working Capital (turnover days)	1 861,2	2 013,3	2 336,3	10,5	324,4
Working Capital requirements (turnover days)	-8	1 786,5	1 673,9	31,1	-128
Net margin (%)	158,8	-59,3	-38,2	-4,3	-26,2
Added value / Turnover (%)	86	56,3	55,1	33,3	46,8
Wages and social charges (€)	11 258 087	8 578 426	1 517 829	684 188	80 460
Salaries / Turnover (%)	85,9	113,7	85,9	37,3	61,8

Company Managers:

Position	First Name	Last Name	Age	Linkedin
Président	Justin, Bradley	Jones	43
Directeur général	Rebecca	Nachanakian	47

Other companies mentioned:

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