Reports Q3 revenue $2.4B, consensus $2.4B. Mobile monthly active users averaged 49.2M. Number of stores was 43,013 as of September 30. Stanley Yongdong Peng, chairman of the board and CE of Beike, commented, “During the third quarter of 2023, China’s real estate market saw meaningful monthly rebound supported by a wave of government favorable policies, such as lowering down payment ratio. We achieved resilient top-line performance, which is a powerful testament to our across-the-board efforts for business growth and efficiency improvement.”
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