WeWork's 2 divisions are expected to make $3.2 billion for full-year 2019
Membership & Services $3 billion (92%)
Other Revenues $0.25 billion (8%)
WeWork's Business Model
What Need Does It Serve?
WeWork provides shared office spaces that it rents out to members on a flexible basis. While the company initially catered primarily to freelancers and start-ups, larger enterprises now account for an increasing mix of its revenues.
Besides selling memberships for access to its work spaces, the company also earns revenue by providing services such as access to conference rooms, phone and IT services, and printing.
Has 2 Operating Segments-Membership and Services: includes revenues from the memberships to access its work spaces as well as revenues from ancillary services.Other: includes income generated from sponsorship and ticket sales from WeWork branded events as well as the company's "Powered by We" solution, that helps companies to redesign/ renovate existing office space.
What Are The Alternatives?
WeWork's rivals include other co-working chains such as Regus (IWG) and ImpactHub.
What Is The Basis of Competition?
Location, amenities provided, and pricing.