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KE Holdings, Inc. Class A (HK:2423)
:2423
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.61Last Year’s EPS
0.83Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: -4.80%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong performance with significant revenue growth and successful expansion of active stores and agents. The company is leveraging AI for efficiency gains and has seen notable growth in its home renovation business. However, there are concerns about declining gross margins, a sequential decline in new home transaction revenue, and ongoing challenges in the existing home market. The cash outflow is another area of concern.Company Guidance
During the first quarter of 2025, KE Holdings Inc. reported a 34% year-over-year increase in platform GTV, reaching RMB844.2 billion, and a 42.4% rise in net revenue to RMB23.3 billion. The company's GAAP net income surged by 97.9% to RMB855 million, while non-GAAP net income remained stable at RMB1.39 billion. The existing home transaction business experienced a GTV increase of 28% year-over-year, and new home transactions saw a 53% GTV growth, outperforming the industry which reported a slight decline. The number of active stores grew to over 55,200, with a 23% increase in active agents. The contribution margin for new home transactions increased by 1.1 percentage points year-over-year to 23.4%, despite a sequential decline due to seasonality. KE Holdings also emphasized the role of AI in improving efficiency, with tools like the AI-powered home seeking assistant and agent assistant enhancing customer service and operational productivity. The company remains cautiously optimistic about the market outlook, focusing on efficiency and AI-driven growth while continuing its active shareholder returns strategy.Strong Revenue Growth
Net revenue reached RMB23.3 billion, up 42.4% year-over-year.
Increase in GTV
Total GTV was RMB844.2 billion, representing a year-over-year increase of 34%.
Expansion of Active Stores and Agents
The number of active stores surpassed 55,200, a record high, increasing over 12,600 from the same period one year ago. The number of active agents grew by 23% year-over-year.
AI Implementation
AI tools were deployed for home transaction business and agent services, leading to efficiency improvements, such as a 30% increase in conversion rate from leads to formal client mandates.
Home Renovation Business Growth
Revenue reached RMB2.9 billion, increasing by 22.3% year-over-year, with a 32.6% contribution margin, up 2 percentage points year-over-year.
HK:2423 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HK:2423 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | HK$53.15 | HK$50.25 | -5.46% |
Mar 18, 2025 | HK$62.85 | HK$65.84 | +4.76% |
Nov 21, 2024 | HK$52.42 | HK$50.90 | -2.90% |
Aug 12, 2024 | HK$35.61 | HK$35.12 | -1.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does KE Holdings, Inc. Class A (HK:2423) report earnings?
KE Holdings, Inc. Class A (HK:2423) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is KE Holdings, Inc. Class A (HK:2423) earnings time?
KE Holdings, Inc. Class A (HK:2423) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of KE Holdings, Inc. Class A stock?
The P/E ratio of KE Holdings, Inc. Class A is N/A.
What is HK:2423 EPS forecast?
HK:2423 EPS forecast for the fiscal quarter 2025 (Q2) is 0.61.