425 1 d198534d425.htm 425 425

Filed by BowX Acquisition Corp. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934 Subject Company: WeWork Inc. Commission File No. 333-256133Filed by BowX Acquisition Corp. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934 Subject Company: WeWork Inc. Commission File No. 333-256133


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


2 1 1 1 1 2.0% © 2021 WeWork. Confidential.2 1 1 1 1 2.0% © 2021 WeWork. Confidential.


98k 5.9m 22 mo. (1) (2) new desk sales square feet sold average commitment length 57% 51% 52% total occupancy including enterprise as a % of total (3) total occupancy “signed not occupied” memberships (4) memberships © 2021 WeWork. Confidential.98k 5.9m 22 mo. (1) (2) new desk sales square feet sold average commitment length 57% 51% 52% total occupancy including enterprise as a % of total (3) total occupancy “signed not occupied” memberships (4) memberships © 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


Ultimate Flexibility On Demand (pay-as-you-go) or monthly subscription that provides access to global network of locations Drives Occupancy Allows WeWork to drive occupancy beyond physical capacity levels across portfolio based on utilization projections High Margins Significant incremental margins given subscription-based model on top of traditional leased business © © 2021 2021 W WeW eWor ork. k. C Con onf fident idential. ial.Ultimate Flexibility On Demand (pay-as-you-go) or monthly subscription that provides access to global network of locations Drives Occupancy Allows WeWork to drive occupancy beyond physical capacity levels across portfolio based on utilization projections High Margins Significant incremental margins given subscription-based model on top of traditional leased business © © 2021 2021 W WeW eWor ork. k. C Con onf fident idential. ial.


• • • The partnership underscores the confidence from the market in both WeWork’s business and • brand, while adding incremental value to the WeWork balance sheet and providing a new sales channel to drive additional revenue. © 2021 WeWork. Confidential.• • • The partnership underscores the confidence from the market in both WeWork’s business and • brand, while adding incremental value to the WeWork balance sheet and providing a new sales channel to drive additional revenue. © 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


$215m $187m $197m $209m July Revenue April Revenue May Revenue June Revenue (preliminary) © 2021 WeWork. Confidential.$215m $187m $197m $209m July Revenue April Revenue May Revenue June Revenue (preliminary) © 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


1000 $650 900 $600 800 700 $550 600 500 $500 400 $450 300 200 $400 100 0 $350 2019A 2020A 2021E 2022E 2023E 2024E © 2021 WeWork. Confidential. Memberships and Workstations (in Thousands)1000 $650 900 $600 800 700 $550 600 500 $500 400 $450 300 200 $400 100 0 $350 2019A 2020A 2021E 2022E 2023E 2024E © 2021 WeWork. Confidential. Memberships and Workstations (in Thousands)


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.


© 2021 WeWork. Confidential.© 2021 WeWork. Confidential.