BEKE:
KE Holdings beats by RMB 0.47, beats on revs
(17.80)
Reports Q1 (Mar) earnings of RMB 1.42 per share, excluding non-recurring items, RMB 0.47 better than the FactSet Consensus of RMB 0.95; revenues fell 19.0% year/year to RMB 18.89 bln vs the RMB 18.64 bln FactSet Consensus.
Gross transaction value was RMB711.7 billion (US$103.2 billion), a decrease of 15.6% year-over-year. GTV of existing home transactions was RMB534.4 billion (US$77.5 billion), a decrease of 7.9% year-over-year. GTV of new home transactions was RMB145.9 billion (US$21.2 billion), a decrease of 37.2% year-over-year.
Mobile monthly active users averaged 42.7 million in the first quarter of 2026, compared to 44.5 million in the same period of 2025.
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