{
  "report_rows": [
    {
      "kpi": "Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$3.62B vs. cons $3.57B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$1.22B vs. cons $1.19B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Nights & Seats Booked",
      "prediction": "BEAT",
      "answer": "pred ~146.5M vs. cons 144.8M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 Revenue guidance",
      "prediction": "LOWER",
      "answer": "guide ~$4.53B midpoint vs. cons $4.58B (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 Revenue growth guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~14.5% YoY midpoint vs. cons 14.5% YoY (FY 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 Adjusted EBITDA margin guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~35.0% vs. cons 35.0% (FY 2026)",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -3.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -5.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Q2 revenue, EBITDA, and nights beat modestly, but a ~$4.53B Q3 revenue guide versus ~$4.58B consensus signals tougher post-World-Cup and Reserve Now, Pay Later comparisons; the implied H2 revenue math pulls FY estimates and valuation expectations lower.",
  "day5_confidence": "MEDIUM"
}