{
  "report_rows": [
    {
      "kpi": "Las Vegas Strip EBITDAR (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$745M vs. cons $719.5M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "BetMGM EBITDA (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$80M vs. cons $73.9M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "MGM China Revenue (Q2 2026)",
      "prediction": "MISS",
      "answer": "pred ~$1,110M vs. cons $1,129M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Adj. EBITDA (FY2026)",
      "prediction": "UNCHANGED",
      "answer": "guide reaffirm ~$2.31-2.35B vs. cons $2.315B",
      "confidence": "HIGH"
    },
    {
      "kpi": "Las Vegas FY tone (FY2026)",
      "prediction": "UNCHANGED",
      "answer": "reaffirm 'growth through balance of year, tempered modestly' vs. cons $8.50B LV rev",
      "confidence": "HIGH"
    },
    {
      "kpi": "BetMGM FY EBITDA (FY2026)",
      "prediction": "UNCHANGED",
      "answer": "reaffirm/modest raise ~$260-270M vs. cons $259M",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -1.5,
  "day5_path": "FADE",
  "day5_rationale": "FADE \u2014 implicit H2 EBITDA cut pulls estimates lower post-print; BetMGM cash generation partially offsets",
  "day5_confidence": "MEDIUM"
}