{
  "id": 3175051,
  "title": "WOTSO FY26 slides: coworking network hits 40 sites, EBITDA up 1%",
  "url": "https://urgent.news/2026/08/25/wotso-fy26-slides-coworking-network-hits-40-sites-ebitda-up-1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T03:08:05.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/wotso-fy26-slides-coworking-network-hits-40-sites-ebitda-up-1-93CH-4874438"
  },
  "original_language": "en",
  "account": "WOTSO released its FY26 financial results on August 25, 2026, indicating a modest expansion of its coworking network to 40 sites while maintaining stable overhead costs and only a 1% increase in underlying EBITDA to $10.12 million. Revenue grew by 4% to $48.75 million due to an 11% jump in Flexspace sales to $35.28 million, despite a 12% decline in real estate income to $13.1 million following the February 2026 sale of the Yandina asset. The company's shares remained flat at $0.51 following the presentation, hinting at investors' concerns over earnings growth relative to network expansion. Revenue per available desk (RevPAD) rose 2% to $367, and same-location RevPAD increased by 6%. Occupancy remained stable at 97%, with average Flexspace occupancy at 79%. Management revealed three strategic initiatives to enhance value extraction: e-commerce expansion, demand-based pricing for meeting rooms, and the CookSpace commercial kitchen concept.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "3P Learning FY26 slides: EBITDA jumps 26%, returns cash to shareholders",
        "url": "https://urgent.news/2026/08/25/3p-learning-fy26-slides-ebitda-jumps-26-returns-cash-to-shareholders",
        "published": "2026-08-25T01:15:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}