KE Holdings Posts 55% Gross Transaction Value Surge In Q4, But EPS Miss And Margin Decline Weigh On Stock

KE Holdings Inc (NYSE:BEKE) shares are trading lower premarket on Tuesday after the company reported fourth-quarter results.

Net revenues rose 54.1% year-over-year to 31.1 billion Chinese Yuan ($4.26 billion), beating the consensus of $4.01 billion.

Mobile monthly active users (MAU) averaged 43.2 million in the quarter, relatively flat Y/Y.

Gross transaction value (GTV) reached 1.14 trillion Chinese Yuan ($156.7 billion), up 55.5% year-over-year, driven by growth across all segments.

GTV existing home transactions grew 59.1% Y/Y to 744.8 billion Chinese Yuan ($102.0 billion), while new home transactions increased 49.3% Y/Y to 355.3 billion Chinese Yuan ($48.7 billion).

Home renovation and furnishing GTV rose 34.7% Y/Y to 5.3 billion Chinese Yuan ($0.7 billion), and emerging and other services surged 50.0% Y/Y to 38.3 billion Chinese Yuan ($5.3 billion).

Gross profit increased by 39.4% Y/Y to ...