KE Holdings posted GAAP net income of RMB 2.62 billion, more than doubled year over year; net revenues fell 5.7% to RMB 24.54 billion.
GAAP operating income climbed to RMB 3.03 billion from RMB 1.06 billion; gross margin widened 6.7 percentage points to 28.6%.
Gross transaction value rose 6.3% to RMB 933.8 billion, led by an 8% increase in existing-home transactions to RMB 629.9 billion.
Mobile MAU averaged 45.7 million, down from 48.7 million a year earlier; active agents slipped 7.5% to 454,571.
Management cited cost-structure adjustments and higher contribution margins across major lines; share repurchases totaled about USD 250 million during the quarter.
BEKE•
