KE Holdings Inc.( (NYSE: $KE Holdings(BEKE.US)$ and HKEX: $BEKE-W(02423.HK)$), a leading integrated online and offline platform for housing transactions and services.
KE Holdings shares surged 12.90% after earnings report.
Business and Financial Highlights for the First Quarter of 2022
Gross transaction value (GTV) was RMB586.0 billion (US$92.4 billion), a decrease of 45.2% year-overyear. GTV of existing home transactions was RMB374.1 billion (US$59.0 billion), a decrease of 44.5% year-over-year.
GTV of new home transactions was RMB192.7 billion (US$30.4 billion), a decrease of 43.9% year-over-year.
GTV of emerging and other services was RMB19.2 billion (US$3.0 billion), a decrease of 63.6% year-over-year.
Net revenues were RMB12.5 billion (US$2.0 billion), a decrease of 39.4% year-over-year.
Net loss was RMB620 million (US$98 million). Adjusted net income was RMB28 million (US$4 million).
Number of stores was 45,777 as of March 31, 2022, a 6.0% decrease from one year ago.
Number of active stores was 42,994 as of March 31, 2022, a 4.3% decrease from one year ago.
Number of agents was 427,379 as of March 31, 2022, a 19.1% decrease from one year ago.
Number of active agents was 381,799 as of March 31, 2022, a 20.3% decrease from one year ago.
Mobile monthly active users (MAU) averaged 39.7 million, compared to 48.5 million in the same period of 2021.
