The managed office space company made $689 million in the first quarter, double the revenue from last year.
Adam Neumann, chief executive officer of U.S. co-working firm WeWork, speaks during a signing ceremony in Shanghai, China April 12, 2018.WeWork's 100%-plus growth rate on all of its key quarter one numbers shows that its approach to"space as a service" is working, co-president and chief financial officer Artie Minson told Business Insider.WeWork doubled its revenue in the first quarter, and it's gearing up for even more growth.
For the first time, that figure is now bigger than its total run-rate revenue of $3 billion - a key sign of how important its enterprise business is, chief financial officer Artie Minson told Business Insider in an interview. In the first three months of the year, revenue more than doubled year-over-year to $728 million, according to an earnings presentation reviewed by Business Insider.
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