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IWG Shares Post Their Largest Daily Rise in 126 Sessions

IWG shares jumped in early trading today after the workspace operator tightened its 2026 adjusted EBITDA guidance, with the result expected to land above consensus.

IWG (LON: IWG), the flexible-workspace group, was up 9.7% at 216.4p at 8:15am in London today, on a delayed quote. It is the stock’s largest daily rise in 126 sessions, and it came with a third-quarter trading statement in which the company said 2026 adjusted EBITDA is expected above consensus.

The shares have traded between 199.5p and 217.4p so far. Even after the jump, they sit 12.7% below their 52-week high and 28.9% above the 52-week low, and remain down 5.9% year to date. Volume of 871,990 shares is on pace for about 3.1 times the 20-day average.

Line chart of IWG's share price over the past month, rising sharply at the latest point
IWG shares against the past month, today’s point a delayed quote at 08:15 London time

What was behind it

The shares rose after IWG said in its statement that it tightened its 2026 adjusted EBITDA range of $585m to $625m, and expects the outcome to be above the consensus of $599m as of 2 November. Group revenue in the third quarter was $1.03bn, up 9%. System-wide revenue rose 12% to $1.26bn, and the network passed 5,000 centres.

Managed and franchised fee revenue rose 28% to $45m. The company spent $39m on buybacks in the third quarter and plans up to $200m for the full year. Net debt was $874m against $880m.

Chief executive Christian Schmitz said, “we are now able to optimise our cost base without compromising growth.” Not every line was strong: signings were 332 against 335, openings 211 against 215, and IWG network RevPAR fell 4% to $356.

How unusual this is

Today’s rise is the largest daily gain in 126 sessions.

Chart of daily share price changes over six months with today's rise standing above the rest
Today’s move set against six months of daily changes
IWG.LSE

IWG reports full-year results on the 2nd of March 2027.

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