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KE Holdings Reports Growth in Transactions and Platform Activity for FY 2024

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KE Holdings, Inc. Class A ( (HK:2423) ) has shared an update.

KE Holdings Inc. announced its unaudited financial results for the fourth quarter and fiscal year 2024, reporting a 6.6% year-over-year increase in gross transaction value (GTV) to RMB3,349.4 billion. Despite a decrease in net income by 30.8% year-over-year, the company saw significant growth in its platform’s activity, with a 17.7% increase in the number of stores and a 16.9% rise in the number of agents. The announcement also included a final cash dividend, reflecting the company’s commitment to returning value to shareholders.

More about KE Holdings, Inc. Class A

KE Holdings Inc., also known as Beike, is a leading integrated online and offline platform for housing transactions and services. The company operates in the real estate industry, focusing on facilitating transactions for existing and new homes, as well as offering home renovation and furnishing services.

YTD Price Performance: 35.34%

Average Trading Volume: 5,586,367

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$224.5B

Learn more about 2423 stock on TipRanks’ Stock Analysis page.

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