**Summary of International Workplace Group PLCs 3rd Quarter Trading Statement (November 2025):**
International Workplace Group (IWG) reported strong performance in Q3 2025, driven by unprecedented network growth and higher occupancy across its hybrid workspace platform. Key highlights include
1. **Financial Performance**
Quarterly system-wide revenue grew 4% year-over-year to $1.1 billion.
Managed & Franchised segment revenue surged 36%, with recurring management fees up 83%.
Company-owned segment maintained RevPAR while occupancy continued to rise.
2. **Network Expansion**
Signings and openings increased by over 40% year-over-year, with 335 signings and 215 openings in Q3 2025.
Pipeline strengthened, with 190,000 rooms expected to generate over $1.6 billion in annual system-wide revenue once mature.
3. **Capital Returns**
Over $100 million returned to shareholders in 2025 via share buybacks, with an accelerated program in Q3.
4. **Strategic Focus**
Continued investment in Managed & Franchised segment driving capital-light growth.
Company-owned segment strategy focused on increasing occupancy to drive future revenue.
5. **Outlook**
Confirmed 2025 guidance, including higher centre growth, share buybacks of at least $130 million, and medium-term EBITDA target of $1 billion.
Investor Day scheduled for December 4, 2025, to outline medium-term framework and capital allocation policy.
CEO Mark Dixon expressed satisfaction with the results, highlighting the success of strategic investments and operational efficiency in driving growth and shareholder value.