KE Holdings Q3 Adjusted Earnings Edge Past Estimates; Revenue Rises
KE Holdings Inc. (NYSE: BEKE) reported third-quarter adjusted earnings that narrowly beat analyst expectations, with its shares climbing more than 2% during intra-day trading on Monday. The Chinese property services platform posted adjusted earnings per share of RMB1.17 ($0.16), slightly ahead of the RMB1.16 consensus.
The company's revenue increased 2.1% year over year to RMB23.1 billion ($3.2 billion), falling just short of the RMB23.58 billion consensus estimate. However, net income declined 36.1% to RMB747 million ($105 million), and adjusted net income fell 27.8% to RMB1.29 billion ($181 million).
Performance across the company's segments was mixed, with strong growth in rentals offsetting a decline in new home transactions.
- Gross transaction value (GTV) for existing homes grew 5.8% to RMB505.6 billion.
- GTV for new homes fell 13.7% to RMB196.3 billion.
- Rental services revenue was a standout, surging 45.3% to RMB5.7 billion.
Operationally, KE Holdings continued to expand its footprint. The number of active stores increased by 25.9% year over year to 59,012, while active agents grew by 11.4% to 471,501. Monthly active mobile users averaged 49.3 million, up from 46.2 million in the prior-year period.
KE Holdings Inc. (BEKE) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.