Group 1 - Sea is expected to report Q1 2025 financial results on May 13, with revenue projected to grow 29.7% year-over-year to $4.91 billion and earnings per share increasing significantly from $0.21 to $0.93 [1] - The growth in revenue is anticipated to be driven by the continued expansion of its digital financial services, particularly in consumer and SME lending in Southeast Asia and Brazil, with loan growth exceeding 60% year-over-year in Q4 2024 [1] - Sea's digital entertainment segment, Garena, is expected to perform well in Q1 due to the successful collaboration with "Naruto" for "Garena Free Fire," which is anticipated to enhance user engagement and revenue [1] Group 2 - The end-to-end logistics integration through SPX Express is expected to positively contribute to Sea's Q1 2025 performance, with SPX Express achieving nearly 50% of packages delivered within two days in Asia [2] - However, seasonal weakness in the e-commerce sector at the beginning of the year is likely to negatively impact growth momentum for Sea's e-commerce platform, Shopee, in Q1 [2] - The e-commerce sector remains highly competitive, which may pressure Shopee's fee rates and necessitate ongoing investments in service quality [2]