{
  "report_rows": [
    {
      "kpi": "Q2'26 Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.56B vs. cons ~$1.53B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2'26 Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$650M vs. cons ~$625M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2'26 Adjusted EPS",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.45 vs. cons ~$1.42",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Revenue guidance",
      "prediction": "BETTER",
      "answer": "guide ~$5.75-5.85B vs. cons ~$5.73B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Adjusted EBITDA guidance",
      "prediction": "BETTER",
      "answer": "guide ~$2.29-2.34B vs. cons ~$2.27B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 WWE segment Adj. EBITDA margin",
      "prediction": "BETTER",
      "answer": "guide ~57-59% vs. cons ~56% (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Capital return / buyback pace (new $1B authorization)",
      "prediction": "BETTER",
      "answer": "guide ~$200M+ near-term 10b5-1 vs. cons ~$100M (H2'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "On Location FIFA World Cup 26 hospitality sales",
      "prediction": "BETTER",
      "answer": "guide >2x prior program vs. cons ~1.5x (FY2026, Q3-weighted)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 4.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Washed-out positioning (stock ~$182, -9% YTD, near 52wk-area lows) plus a clean contracted beat and a modest FY guide raise pull estimates UP rather than down; aggressive buyback under the new $1B authorization at dislocated prices provides a bid, and Q3 World Cup revenue recognition keeps the out-period math constructive, favoring continuation over fade. Risk is a simple reaffirm (good news already known), which would cap upside.",
  "day5_confidence": "LOW"
}