Loading...
•
Jun 30, 2025
KE Holdings Q2 2025 Earnings Report
KE Holdings reported modest revenue growth in Q2 2025 amid declining profitability.
Key Takeaways
KE Holdings posted $3.63B in revenue and $182M in net income for Q2 2025, with increased contributions from non-housing services. However, net income and EPS declined significantly compared to the same quarter last year.
Net revenues grew to $3.63B, up 11.3% year-over-year.
Net income fell to $182M, down 31.2% from Q2 2024.
Adjusted net income reached $254M, reflecting a 32.4% decrease.
Non-housing services accounted for a record 41% of total net revenues.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
KE Holdings expects to pursue growth through AI-driven efficiency and diversified services, despite softness in the housing market.
Positive Outlook
- Platform scale expansion with more agents and stores.
- AI technology driving productivity gains.
- Record contribution from non-housing services.
- Improved operational efficiency in rental and renovation segments.
- Expanded and extended $5B share repurchase program to 2028.
Challenges Ahead
- Ongoing weakness in China’s real estate demand.
- Decline in mobile MAUs year-over-year.
- Existing home transaction revenues declined 8.4%.
- Net income and adjusted net income decreased over 30%.
- Gross margin dropped to 21.9% from 27.9%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...