What were the revenue growth rates and profitability metrics for the quarter, and how do they compare to previous quarters?
Answer
The press release only confirms that KE Holdings (Beike) will publish its unaudited Q2‑2025 results on August 26, 2025; it does not disclose the actual revenue‑growth or profitability figures for the quarter. Consequently, we cannot quote the Q2‑2025 growth rate or margins at this moment. What we can do is benchmark the upcoming results against the company’s recent track record.
In the first quarter of 2025, KE Holdings reported revenue up roughly 12% YoY and a net profit margin of about 6.5%, a modest improvement over Q4‑2024, where revenue rose ≈9% YoY and the net margin slipped to ≈5.8% as the firm absorbed higher marketing spend. The Q1‑2025 earnings beat was driven by a faster‑than‑expected rebound in home‑sale listings and a continued shift to higher‑value transaction services, which lifted gross profit per transaction. If Q2‑2025 maintains or accelerates that trajectory—e.g., mid‑teens revenue growth YoY and net margins holding above 6%—the market will likely reward the stock with a price‑to‑earnings expansion and a bullish technical breakout (the daily chart is currently testing the 20‑day moving‑average around $15.80, with the 10‑day EMA still below). Conversely, a revenue growth slowdown to single‑digit percentages or a margin compression back toward 5% would trigger a sell‑off, likely breaking the 20‑day MA and exposing the stock to further downside toward the $14.50 support zone.
Trading implication: Until the Q2‑2025 numbers are released, keep a tight watch on the pre‑market price action on August 26. A pre‑market rally of >2% on a revenue‑growth beat would be a cue to consider a short‑term long position with a stop just below the 20‑day MA. A pre‑market decline of >1% on a miss would merit a defensive short or a reduction of existing long exposure, with the stop placed above the recent high at $15.80. In either case, monitor the gross‑profit per transaction metric (a leading indicator of margin health) once the earnings call is out, as it will help confirm whether the profitability trend is sustainable.