Why per-platform capping does not add up
Each platform can see its own delivery and nothing else. When it caps at four, it means four exposures within its own inventory, to the identifiers it recognises. It has no visibility of the same household being reached by a different seller an hour earlier.
The consequence compounds with the number of channels. Two channels overlap somewhat; four overlap substantially, particularly when they are all targeting the same narrow audience. That is precisely what a well-briefed multi-channel plan does, so tighter targeting increases the overlap.
None of this shows in a per-channel report. Each one reports its own frequency accurately, and nobody computes the aggregate figure, which is the one a marketing director needs.