{
  "report_rows": [
    {
      "kpi": "Ticketmaster GTV (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$9.85B vs. cons $9.68B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total Fans (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~48.5M vs. cons 46.8M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "EBITDA - Operating (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$1.01B vs. cons $971M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY 2026 AOI (FY 2026)",
      "prediction": "BETTER",
      "answer": "guide ~$3.45B+ vs. cons $3.40B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 demand/phasing tone (Q3 2026)",
      "prediction": "BETTER",
      "answer": "confident, no demand pullback vs. cautious bar",
      "confidence": "HIGH"
    },
    {
      "kpi": "Ticketmaster secondary headwind (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "reaffirm mid-single-digit drag, no incremental negative",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -0.5,
  "day5_path": "FADE",
  "day5_rationale": "FADE \u2014 short-covering impulse exhausts; large run-in (+16.7% residual since Q1 earnings) reasserts; legal overhang (JMOL ruling pending) caps multiple expansion",
  "day5_confidence": "MEDIUM"
}