{
  "report_rows": [
    {
      "kpi": "Revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$3.600B vs. cons $3.579B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "GBV",
      "prediction": "IN-LINE",
      "answer": "pred ~$26.700B vs. cons $26.478B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Nights & Experiences Booked",
      "prediction": "IN-LINE",
      "answer": "pred ~146.8M vs. cons 145.739M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 Revenue",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.60-4.66B vs. cons $4.602B",
      "confidence": "LOW"
    },
    {
      "kpi": "FY26 Revenue Growth",
      "prediction": "UNCHANGED",
      "answer": "reaffirm low to mid-teens vs. FY revenue cons $13.964B",
      "confidence": "LOW"
    },
    {
      "kpi": "FY26 Adjusted EBITDA Margin",
      "prediction": "UNCHANGED",
      "answer": "reaffirm at least 35% vs. 35.4% implied consensus margin",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -1.0,
  "day1_confidence": "LOW",
  "day5_residual_pct": 1.0,
  "day5_path": "STABILIZE",
  "day5_rationale": "STABILIZE \u2014 F-archetype recovery pattern",
  "day5_confidence": "LOW"
}