WeWork Losses Top $4.4B, But Earnings Report Still Tinged With Optimism

WeWork's losses in 2021 exceeded those of 2020 by some $1.3B, but the losses reported in its second earnings statement since beginning to trade on the New York Stock Exchange in October were tempered by quarter-over-quarter revenue gains.

The coworking giant reported on Friday that it lost more than $4.4B in 2021, an increase from about $3.1B in 2020, though almost half of its losses ($2B) for 2021 were in the first quarter of the year.