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KE Holdings Inc. (BEKE) Q2 2025 Earnings Call Transcript

August 26, 2025
in Market & News
Reading Time: 2 mins read
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KE Holdings Inc. (BEKE) Q2 2025 Earnings Call Transcript
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KE Holdings Inc. (NYSE:BEKE) Q2 2025 Earnings Conference Call August 26, 2025 8:00 AM ET

Company Participants

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Siting Li – Investor Relations Director & Joint Company Secretary
Tao Xu – CFO & Executive Director
Yongdong Peng – Co-Founder, Chairman & CEO

Conference Call Participants

Griffin Chan – Citigroup Inc. Exchange Research
John Lam – UBS Investment Bank, Research Division
Qi Chen – JPMorgan Chase & Co, Research Division
Timothy Zhao – Goldman Sachs Group, Inc., Research Division
Xiaodan Zhang – China International Capital Corporation Limited, Research Division

Operator

Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc.’s Second Quarter 2025 Earnings Conference Call. Please note that today’s call, including the management’s prepared remarks and question-and-answer session will all be in English. [Operator Instructions] Today’s conference call is being recorded.

I will now turn the call over to your host, Ms. Siting Li, IR Director of the company. Please go ahead.

Siting Li

Thank you, operator. Good evening, and good morning, everyone. Welcome to KE Holdings Inc., or Beike’s Second Quarter 2025 Earnings Conference Call. The company’s financial and operating results were published in the press release earlier today and are posted on the company’s IR website, investors.ke.com.

On today’s call, we have Mr. Stanley Peng, our Co-Founder, Chairman and Chief Executive Officer; and Mr. Tao Xu, our Executive Director and Chief Financial Officer. Mr. Xu will provide an overview of our business updates and financial performance. Then Mr. Peng will share more strategic thinking on our current and future developments.

Before I continue, I refer you to our safe harbor statement in our earnings press release, which applies to this call as we will make forward-looking statements. Please also note that Beike’s earnings press release and this conference call include discussions of unaudited GAAP financial information as well as

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