{
  "report_rows": [
    {
      "kpi": "Q2 2026 Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$3.63B vs. cons $3.58B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Nights and Seats Booked",
      "prediction": "IN-LINE",
      "answer": "pred ~145.6M vs. cons 145.0M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$1.25B vs. cons $1.22B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 Revenue",
      "prediction": "LOWER",
      "answer": "guide ~$4.55B vs. cons $4.61B (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-Year Revenue Growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~14.0% vs. cons 14.1% (FY 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-Year Adjusted EBITDA Margin",
      "prediction": "LOWER",
      "answer": "guide ~35.0% vs. cons 35.5% (FY 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -3.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.6,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Q2 beats are outweighed by guide ~$4.55B vs. cons $4.61B for Q3 2026 and FY margin guide ~35.0% vs. cons 35.5%; the implied out-period cuts drive the residual from ~-3.2% on day 1 to ~-4.6% cumulatively by day 5.",
  "day5_confidence": "MEDIUM"
}