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  "documentTitle": "WeWork | Investor Presentation Deck | 27 slides",
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  "authorName": "WeWork",
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  "presentationDate": "2023-05-01 00:00:00",
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      "text": "Overall Business Definitions:\nSpace-as-a-Service: WeWork's existing flexible workspace business, including incremental growth for WeWork's flexible workspace business. Includes revenues associated with asset-light management or franchise agreements with landlords where WeWork operates the space in exchange for a fee. Included in Membership and Services revenue in our consolidated financial statements.\nWeWork Access: On Demand pay-as-you-go or All Access monthly membership providing an individual with access to over 500 WeWork locations. Included in Membership and Services revenue in our consolidated financial statements\nWeWork Workplace: turnkey third-party flexible workspace management solution leveraging WeWork's property and technology platform.\nOperating KPIs:\nLocations: represents the estimated number of open locations. A location is considered open when it begins to generate revenue.\nWorkstation Capacity: Represents the estimated number of workstations available at open locations (may also be referred to as 'Workstations' or 'Physical Workstations').\nPhysical Memberships: The number of WeWork physical memberships which is the number of occupied workstations in a given period.\nPhysical Occupancy: is the number of physical memberships divided by workstation capacity.\nPhysical Average Revenue per Membership (\"ARPM\"): membership and services revenue less revenue attributable to All Access and On Demand memberships, unconsolidated management fee revenue and workplace management fee revenue, divided by consolidated cumulative physical memberships in the period.\nAll Access & Other Legacy Memberships: includes All Access monthly subscription memberships and Other Legacy Memberships.\nGross Workstation Sales: Include New Workstation Sales and renewals. Renewals include all members previously committed who continue their membership on a commitment. Renewals do not include month-to-month members.\nAverage Commitment Length: represents base contract terms in months. This excludes the impact of any extension and / or termination options. The commitment lengths disclosed may include periods for which members have an option to terminate their commitments with a less than 10% penalty.",
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