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WeWork’s Revenue Doubled Last Year. So Did Its Losses

WeWork’s Adam Neumann 

WeWork’s Adam Neumann 

Photographer: Kelly Sullivan/Getty Images North America

Co-working company WeWork Cos. is continuing to expand, especially overseas. But its losses are growing in lockstep with its sales, the company said Monday.

At the end of last year, New York-based WeWork had more than 400,000 members worldwide paying for access to its shared or flexible office space, more than twice the number a year ago. The company said 43 percent of its revenue for the fourth quarter of 2018 came from outside the U.S.