WeWork more than doubled its sales in the first quarter of 2018 to $342m, according to an internal memo seen by the Financial Times, accelerating from the fevered growth achieved last year and bolstering its hopes for a new fundraising and eventual stock market listing.
The shared office space provider did not put a figure on its net losses for the period in an update to employees but said adjusted earnings before interest, taxes, depreciation, amortisation and its growth investments rose 137% to $26m in the three months to the end of March.
