0319 GMT - Sea Ltd.'s strategy to maintain its competitive advantages over rivals will likely continue driving growth, Citi Research analysts say in a note. 2Q results were stronger than expected across its e-commerce, gaming and digital financial services businesses, with more disclosure of operating metrics helping ease worries about growing competition, they say. Increased subscribers of its VIP program reflected higher retention rates, while its e-commerce business Shopee in Brazil showed positive momentum, they add. Higher ad spend per seller also saw a better user conversion rate, they add. Citi retains a buy rating and lifts its target price to $206 from $183. Shares closed 19% higher at $174.12 overnight. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
August 12, 2025 23:19 ET (03:19 GMT)
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