
KE Holdings Inc. (NYSE: BEKE) reported its Q3 FY2024 earnings, revealing mixed results. The company's net revenue reached 22.6 billion yuan ($3.2 billion), marking a 26.8% year-over-year increase. However, the earnings report was disappointing overall, with the stock trading down 8.2% pre-market to $18.57 and -6.5% pre-market. Adjusted EPS stood at $0.22, while net income was $167 million. Despite a notable rebound in home transactions, which surged 30.9% YoY, and a significant increase in rental services revenue by 118.4%, the mobile user base declined to 46.2 million from 49.2 million. Gross transaction value (GTV) reached $105.0 billion.
KE Holdings reports disappointing Q3 earnings with net revenues of $3.2B, MAU decreasing to 46.2M from 49.2M, GTV reaching $105.0B. Despite this, home transactions are showing growth. $PTEC $KWEB $BEKE
#Beike’s Q3 revenue grew 26.8% on year, saw notable rebound in home transaction in Oct https://t.co/OeY1EFGguE
$BEKE (-6.5% pre) KE Holdings Q3 Earnings Miss: Mobile User Base Decline Despite Housing Market Growth - BZ https://t.co/TZLdyu8osJ