{
  "report_rows": [
    {
      "kpi": "Domestic broadband net subscriber losses",
      "prediction": "MISS",
      "answer": "pred ~-190K vs. cons -165,300",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS",
      "prediction": "IN-LINE",
      "answer": "pred ~$0.98 vs. cons $0.97",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Wireless net line additions",
      "prediction": "BEAT",
      "answer": "pred ~410K vs. cons ~375K",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Broadband ARPU trajectory (near-term pressure, relief only exiting 2026)",
      "prediction": "LOWER",
      "answer": "guide ~-3.5% vs. cons ~-3.0% (2026Q2, with relief by 4Q26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Peacock/Media EBITDA inflection ('approach profitability')",
      "prediction": "BETTER",
      "answer": "guide Peacock EBITDA ~-$50M vs. cons ~-$150M (2026Q2)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "NBCU+Sky spin-off financial framework (leverage split / dividend policy)",
      "prediction": "UNKNOWN",
      "answer": "guide RemainCo net leverage ~2.3x vs. current 2.3x; dividend policy TBD (spin ~mid-2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Free wireless-line monetization / convergence tailwind (2H)",
      "prediction": "BETTER",
      "answer": "guide majority of ~9.7M-base free lines convert to paid vs. cons ~$85 convergence ARPA (2H 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -4.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.0,
  "day5_path": "STABILIZE",
  "day5_rationale": "Q2 is the first 'clean' broadband read without a Legendary February tentpole, and with guided incremental ARPU pressure the sub/ARPU combo likely disappoints even against low expectations (echoing Q1's post-print sell-off despite a sub beat). Sell-side trims out-period connectivity revenue/EBITDA on the softer ARPU and 2H-weighted relief story, arguing for follow-through; but at ~6.7x forward earnings, near multi-year lows, with an above-market dividend and NBCU/Sky spin optionality providing a valuation floor, downside dampens after the initial drop, so the residual stabilizes rather than compounding.",
  "day5_confidence": "LOW"
}