KE Holdings Inc. Announces Third Quarter 2024 Unaudited Financial Results [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
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Source: Yahoo! Finance
Net revenues were RMB22.6 billion (US$3.2 billion), an increase of 26.8% year-over-year. Net income was RMB1,168 million (US$167 million). Adjusted net income was RMB1,782 million (US$254 million). (Source: KE Holdings Inc. press release) GTV increased by 12.5% to RMB736.8 billion (US$105.0 billion) in the third quarter of 2024 from RMB655.2 billion in the same period of 2023. Net revenues increased by 26.8% to RMB22.6 billion (US$3.2 billion) in the third quarter of 2024 from RMB17.8 billion in the same period of 2023. (Source: KE Holdings Inc. press release) The growth in net revenues was primarily attributable to the increase of net revenues from new home transaction services and the expansion of home renovation and furnishing and home rental business. (Source: KE Holdings Inc. press release) Total cost of revenues increased by 35.0% to RMB17.4 billion (US$2.5 billion) in the third quarter of 2024 from RMB12.9 billion in the same period of 2023. Total operating expenses incre
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