ThisWeekIn Coworking

Discussions » 🚀 IWG posts highest revenue... in THIRTY FIVE YEARS. (🔗 Visit source)

IWG just reported in preliminary results for last year that revenue had grown 10% to £3.3B (approx $4.2B). Of that their gross profit increased by 41% to £528M, with margins up from 15.9% in 2022 to 20.4% in 2023.

For those holding shares via the London Stock Exchange, it's interesting that they have announced that they will both pay a dividend (of 1p per share) and are considering a New York listing.

For everyone else, it can be helpful to see what kind of scale and revenue a multi-brand operator with 3,514 locations across 120 countries is getting - especially when the media and certain companies like to paint coworking and flex workspaces as "unsuccessful" or unprofitable.

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