Loading...
•
Dec 31, 2024
•/
KE Holdings Q4 2024 Earnings Report
KE Holdings reported its Q4 2024 earnings with significant revenue growth, improved operating income, but a decline in net income compared to the prior year.
Key Takeaways
In Q4 2024, KE Holdings delivered a strong 54.1% increase in revenue year-over-year, driven by growth across existing and new home transaction services and home rental services. The company achieved a positive operating income of $139 million, reversing an operating loss from the previous year. However, net income declined to $79 million due to higher tax expenses. Adjusted net income reached $184 million.
Revenue grew 54.1% YoY to $4.26 billion.
Operating income turned positive to $139 million from a prior loss.
Net income decreased 13.9% YoY to $79 million due to tax impacts.
Adjusted net income was $184 million, down 21.6% YoY.
Revenue by Segment
Forward Guidance
KE Holdings remains focused on technology-driven service delivery and optimizing human-centric customer service while expanding growth across housing transaction services.
Positive Outlook
- Continued growth expected in home rental services.
- Improved monetization in new home transaction services.
- Further scaling of home renovation and furnishing segment.
- Expansion of active agents and stores on the platform.
- Positive contribution from emerging and other services.
Challenges Ahead
- Possible reduction in commission rates affecting margins.
- Macroeconomic challenges in China's property market.
- Rising fixed compensation costs for agents.
- Pressure on gross margin from service mix shifts.
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...