{
  "report_rows": [
    {
      "kpi": "BetMGM total net revenue (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$748M vs. cons $735M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "BetMGM adjusted EBITDA (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$72M vs. cons $68M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "BetMGM iGaming net revenue (Q2 2026)",
      "prediction": "IN-LINE",
      "answer": "pred ~$512M vs. cons $508M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "BetMGM net revenue guidance (FY2026)",
      "prediction": "LOWER",
      "answer": "guide ~$3.00B vs. cons $3.03B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "BetMGM adjusted EBITDA guidance (FY2026)",
      "prediction": "LOWER",
      "answer": "guide ~$305M vs. cons $315M (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "BetMGM adjusted EBITDA target (FY2027)",
      "prediction": "UNCHANGED",
      "answer": "guide ~$500M vs. cons $500M (FY2027)",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 1.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.3,
  "day5_path": "FADE",
  "day5_rationale": "The Q2 revenue and EBITDA beats should support the initial reaction, but an FY2026 EBITDA outlook still anchored near ~$305M versus consensus of ~$315M implies limited upward revisions and causes most of the day-1 gain to fade.",
  "day5_confidence": "LOW"
}