{
  "report_rows": [
    {
      "kpi": "Total revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.09B vs. cons $1.06B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Wizards of the Coast & Digital Gaming revenue",
      "prediction": "BEAT",
      "answer": "pred ~$620M vs. cons $597M",
      "confidence": "HIGH"
    },
    {
      "kpi": "Adjusted diluted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.25 vs. cons $1.12",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 constant-currency revenue growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~4.0% vs. cons 4.1% (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 adjusted operating margin",
      "prediction": "UNCHANGED",
      "answer": "guide ~24.5% vs. cons 24.6% (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 adjusted EBITDA",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.43B vs. cons $1.43B (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Consumer Products 3Q revenue growth / cyber-delay recovery",
      "prediction": "UNCHANGED",
      "answer": "guide ~10% vs. cons 10% (3Q26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 4.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.5,
  "day5_path": "FADE",
  "day5_rationale": "A Wizards-led beat should produce an immediate positive reaction, but maintained FY26 revenue, margin, and EBITDA guidance implies limited out-period estimate upside. Investors will likely view the Consumer Products recovery as principally a ~$50M timing shift into 3Q rather than incremental demand, while tougher 4Q Wizards comparisons and back-half royalty, digital-investment, and input-cost pressure constrain revisions.",
  "day5_confidence": "MEDIUM"
}