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PTX1373 Court exhibits

FIGURE 12 : PROF. CHEVALIER 'S FULL-STACK TAKE RATE VS. AVE RAGE MONTHLY IMPRESSIONS BY PATHWAY, WORLDWIDE IMPRESSIONS Source: Brattle analysis of Chevalier Report. Full-Stack Revenue Shares Workpaper. See also, Simcoe Full Stack Take Rate Scatter Workpaper. Notes: The pathways included in this figure are the same ones included in Figme 8 of the Chevalier Report. The take rates are taken from Chevalier's Full-Stack Revenue Shares Workpaper. Average monthly impressions for each pathway are calculated as the average impressions associated with a pathway. excluding months with NA observations. If

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Filed as an exhibit in United States v. Google. The PDF is not redistributed here.

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