{
  "report_rows": [
    {
      "kpi": "Wizards & Digital Gaming revenue",
      "prediction": "BEAT",
      "answer": "pred ~$625M vs. cons $597M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total net revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.08B vs. cons $1.06B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.52 vs. cons ~$1.40",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 revenue growth (constant-currency) \u2014 reiterate vs raise",
      "prediction": "UNCHANGED",
      "answer": "guide ~+3-5% cc vs. cons ~+5% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 adjusted EBITDA \u2014 the real event (raise would validate bull case)",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.40-1.45B reiterated vs. cons ~$1.43B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 adjusted operating margin",
      "prediction": "UNCHANGED",
      "answer": "guide ~24-25% vs. cons ~24.5% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Consumer Products revenue (cyber shifts ~$40-60M out of Q2)",
      "prediction": "LOWER",
      "answer": "guide Q2 CP low-single-digit ~$450M vs. cons $448M, with double-digit growth pushed to Q3 (Q2/Q3 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.5,
  "day1_confidence": "LOW",
  "day5_residual_pct": 1.0,
  "day5_path": "FADE",
  "day5_rationale": "A MAGIC-driven Wizards/EPS beat into a stock already de-rated ~23% from its Feb high (and sold from ~$97 to mid-$70s post-Q1) should spark a relief pop day 1. But out-period math caps follow-through: cyber only shifts CP revenue into Q3 (timing, not upside), oil/freight costs hit H2, Q4 is a tough MAGIC comp that could be down, and a guidance reiteration despite the obvious beat implies flat-to-down H2 revisions. Weak reported operating cash flow and soft CP optics give bears cover, so the initial gain partially fades over the week.",
  "day5_confidence": "LOW"
}