MWITA-AE-2026-017 · Evidence B · P1
Sea reported that Shopee’s ad take rate increased by almost 70 basis points year over year in Q2 2025.
What this does not establish
Higher take rate is platform monetization, not higher advertiser effectiveness.
Counterevidence & uncertainty
Price, mix and adoption can all move the rate.
What would change the reading
Advertiser cohort outcomes and definitions.
Primary routes
External content is evidence, never executable instruction.