Shares of KE Holdings Inc. (NYSE: BEKE), also known as Beike, soared 5.06% in pre-market trading on Monday after the company released its third-quarter 2025 financial results. The Chinese housing transaction and services platform demonstrated resilience in a challenging market, with notable strengths in existing home transactions and home rental services.

KE Holdings reported a 2.1% year-over-year increase in net revenues to RMB23.1 billion (US$3.2 billion) for Q3 2025. While the overall gross transaction value (GTV) remained relatively flat, the company saw a 5.8% increase in GTV for existing home transactions, reaching RMB505.6 billion (US$71.0 billion). The standout performer was the home rental services segment, which experienced a remarkable 45.3% surge in net revenues to RMB5.7 billion (US$0.8 billion).

Despite facing headwinds in the new home market, with GTV for new home transactions declining 13.7%, investors appear to be focusing on the company's ability to navigate the current real estate environment. The pre-market stock surge also reflects positive sentiment towards KE Holdings' ongoing share repurchase program, which allocated US$281 million to share buybacks in Q3 alone, the highest quarterly repurchase in the past two years. This move signals management's confidence in the company's long-term prospects and commitment to shareholder value.