{
  "report_rows": [
    {
      "kpi": "Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$7.70B vs. cons $7.58B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Consolidated adjusted operating income (AOI)",
      "prediction": "BEAT",
      "answer": "pred ~$842M vs. cons $827M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Concert attendance",
      "prediction": "BEAT",
      "answer": "pred ~46.6M fans vs. cons 46.0M",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Consolidated AOI growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~11.0% vs. cons 11.2% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Concert attendance growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~8.0% vs. cons 8.0% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Ticketing AOI growth",
      "prediction": "LOWER",
      "answer": "guide ~2.0% vs. cons 3.0% (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 3.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.6,
  "day5_path": "FADE",
  "day5_rationale": "The initial reaction should reward an AOI beat of ~1.8% versus consensus, but FY2026 consolidated AOI growth of ~11.0% versus 11.2% consensus implies limited estimate revisions; unchanged back-half expectations and Ticketing pressure should cause part of the day-1 gain to fade.",
  "day5_confidence": "MEDIUM"
}