KE Holdings Inc. (NYSE: BEKE) saw its stock soar 5.06% in pre-market trading on Monday following the release of its third quarter 2025 financial results. The Chinese housing transaction and services platform reported modest revenue growth and strong performance in its home rental segment, offsetting a decline in net income.

For the third quarter, KE Holdings reported net revenues of RMB23.1 billion (US$3.2 billion), a 2.1% increase year-over-year. The growth was primarily driven by the company's home rental services, which saw revenues surge 45.3% to RMB5.7 billion (US$0.8 billion). However, net income decreased by 36.1% to RMB747 million (US$105 million) compared to the same period last year.

Investors appear to be encouraged by the company's focus on operational efficiency and technological innovation. KE Holdings highlighted its efforts to integrate AI capabilities into core business scenarios and its continued share repurchase program. In the third quarter alone, the company allocated US$281 million to share repurchases, reaching its highest single-quarter repurchase level in the past two years. This commitment to shareholder returns, coupled with the revenue growth in key segments, seems to be driving the positive pre-market reaction despite the drop in overall profitability.