KE Holdings Inc. Announces First Quarter 2025 Unaudited Financial Results

About this update from Ke Holdings, Inc. Class A

[{"type":"text","content":"BEIJING, May 15, 2025 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE; HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced its unaudited financial results for the first quarter ended March 31, 2025.","length":291,"tagName":"p"},{"type":"text","content":"Business and Financial Highlights for the First Quarter 2025","length":60,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Gross transaction value (GTV)1 was RMB843.7 billion (US$116.3 billion), an increase of 34.0% year-over-year. GTV of existing home transactions was RMB580.3 billion (US$80.0 billion), an increase of 28.1% year-over-year. GTV of new home transactions was RMB232.2 billion (US$32.0 billion), an increase of 53.0% year-over-year.","length":325,"tagName":"p"}]},{"val":[{"type":"text","content":"Net revenues were RMB23.3 billion (US$3.2 billion), an increase of 42.4% year-over-year.","length":88,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income was RMB855 million (US$118 million), an increase of 97.9% year-over-year. Adjusted net income2 was RMB1,393 million (US$192 million), relatively flat year-over-year.","length":176,"tagName":"p"}]},{"val":[{"type":"text","content":"Number of stores was 56,849 as of March 31, 2025, a 28.6% increase from one year ago. Number of active stores3 was 55,210 as of March 31, 2025, a 29.6% increase from one year ago.","length":179,"tagName":"p"}]},{"val":[{"type":"text","content":"Number of agents was 550,290 as of March 31, 2025, a 24.3% increase from one year ago. Number of active agents4 was 490,862 as of March 31, 2025, a 23.0% increase from one year ago.","length":181,"tagName":"p"}]},{"val":[{"type":"text","content":"Mobile monthly active users (MAU)5 averaged 44.5 million in the first quarter of 2025, compared to 47.7 million in the same period of 2024.","length":139,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1088,"olType":false},{"type":"text","content":"Mr. Stanley Yongdong Peng, Chairman of the Board and Chief Executive Officer of Beike, commented, “Building on the stable market performance and the continued effectiveness of our growth strategy, our business maintained strong growth in the first quarter, with our total transaction value increasing by 34.0% year-over-year and net re...

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