{
  "report_rows": [
    {
      "kpi": "Residential Internet net additions",
      "prediction": "MISS",
      "answer": "pred ~-152K vs. cons -142K",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "IN-LINE",
      "answer": "pred ~$5.61B vs. cons $5.58B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Free cash flow",
      "prediction": "MISS",
      "answer": "pred ~$1.06B vs. cons $1.13B",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted EBITDA growth excluding Cox transition costs",
      "prediction": "LOWER",
      "answer": "guide ~+0.2% vs. cons +0.5% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Capital expenditures",
      "prediction": "UNCHANGED",
      "answer": "guide ~$11.4B vs. cons $11.4B (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Cox run-rate operating expense synergies",
      "prediction": "UNCHANGED",
      "answer": "guide ~$0.8B vs. cons $0.8B (post-close run rate)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -8.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -11.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Broadband losses worse than the -142K bogey and a marginally lower FY2026 EBITDA trajectory should drive cuts to 2026-2027 EBITDA and free-cash-flow estimates. Unchanged ~$11.4B FY2026 capex limits the near-term cash-flow offset, allowing estimate revisions to extend the initial decline.",
  "day5_confidence": "MEDIUM"
}