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Evening Standard
Evening Standard
Business
Simon Hunt

WeWork hails recovery of London office market after posting first profits since IPO

WeWork London

New York-based office-sharing business WeWork has turned its first profit since its public listing in 2021 amid a recovery of its London office portfolio, but fell short of analyst estimates.

The firm said pre-tax earnings for the current quarter would be in the range of breakeven to a $25 million loss, a huge improvement from the $283 million loss it made a year ago.

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