US Stock Market Move | Adjusted profit in Q1 exceeds expectations for KE Holdings, Inc. Sponsored ADR Class A (BEKE.US), opening with a more than 7% increase.

On Tuesday, KE Holdings, Inc. Sponsored ADR Class A (BEKE.US) opened up more than 7%, with a cumulative increase of 28% since April, now trading at $19.14. On the news front, on May 19, KE Holdings, Inc. Sponsored ADR Class A released its first-quarter performance report for 2026. In the first quarter, KE Holdings, Inc. Sponsored ADR Class A achieved a net revenue of 18.9 billion yuan, a net profit of 1.255 billion yuan, a year-on-year growth of 46.7%, and an adjusted net profit of 1.611 billion yuan, a year-on-year growth of 15.7%, exceeding market expectations. The gross profit margin reached 24.1%, an increase of 3.5 percentage points year-on-year; the adjusted operating profit margin was 8.8%, an increase of 3.9 percentage points year-on-year, both reaching new highs in the past seven quarters. Xu Tao, Executive Director and Chief Financial Officer of KE Holdings, Inc. Sponsored ADR Class A, stated, "The series of measures promoted by the company around resource allocation efficiency, cost structure, and unit economic model improvement have been transformed into a healthier profit performance."