BEKE KE Holdings (BEKE) Q4 FY25 earnings call
KE Holdings pivoted to an efficiency-driven growth model in Q4 FY25, focusing on service capability and operational efficiency rather than resource scale. Despite a challenging market and a high base leading to Q4 revenue and GTV declines, the company demonstrated improved operational efficiency across segments and delivered significant shareholder returns. The strategy emphasizes leveraging data and AI to enhance customer value and service professionalism, aiming for sustainable growth and profitability across its diversified residential service ecosystem.
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BEKE operating KPIs by quarter
| KPI | This call Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Change vs prior quarter |
|---|---|---|---|
| Rental units under management Home rental services | 700K+At the end of Q4, we had over 700,000 rental units under management, a year-on-year increase of around 62%.Source: earnings call transcript | 740K+As of the end of the Q1, the number of rental units under our management exceeded 740,000 units representing an increase of around 47% year-over-year.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.