{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.40 vs. cons $0.38",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$646m vs. cons $632m",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Constant-currency Net Yield growth",
      "prediction": "BEAT",
      "answer": "pred ~(3.0%) vs. cons ~(3.6%)",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "3Q26 constant-currency Net Yield growth",
      "prediction": "LOWER",
      "answer": "guide ~(8.0%) vs. cons ~(7.0%) (3Q26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 Adjusted EBITDA",
      "prediction": "UNCHANGED",
      "answer": "guide ~$2.56bn vs. cons $2.55bn (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 Adjusted EPS",
      "prediction": "BETTER",
      "answer": "guide ~$1.62 vs. cons $1.60 (FY26)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -6.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -10.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A modest 2Q beat of ~$0.02 versus consensus ~$0.38 is outweighed by a roughly 100-bp worse 3Q yield setup, ~(-8.0%) versus ~(-7.0%) expected; that out-period revenue risk implies FY26/FY27 estimate cuts despite FY26 EBITDA guidance of ~$2.56bn versus ~$2.55bn consensus.",
  "day5_confidence": "MEDIUM"
}