{
  "report_rows": [
    {
      "kpi": "BetMGM Total Net Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$755 million vs. cons $742 million",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "BetMGM Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$92 million vs. cons $86 million",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "BetMGM Online Sports Net Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$255 million vs. cons $245 million",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 BetMGM Net Revenue guidance",
      "prediction": "BETTER",
      "answer": "guide ~$3.10 billion vs. cons $3.00 billion (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 BetMGM Adjusted EBITDA guidance",
      "prediction": "BETTER",
      "answer": "guide ~$330 million vs. cons $325 million (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY2026 cash distributed to parents",
      "prediction": "BETTER",
      "answer": "guide ~$250 million vs. cons $225 million (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 1.3,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.8,
  "day5_path": "STABILIZE",
  "day5_rationale": "A modest BetMGM revenue and EBITDA beat plus a higher FY2026 revenue outlook should be supportive, but MGM\u2019s 50% BetMGM ownership limits direct earnings sensitivity and the July 29, 2026 consolidated MGM release will reset attention to Las Vegas Strip margins and consolidated out-period estimates; pred +0.8% vs. day-1 +1.3%.",
  "day5_confidence": "MEDIUM"
}