{
  "report_rows": [
    {
      "kpi": "Hotel Room Nights (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~326M vs. cons 320.4M (+1.7%)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adj. EBITDA (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2,670M vs. cons $2,559M (+4.3%)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adj. EPS Diluted (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2.58 vs. cons $2.41 (+7.1%)",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 Room Night Growth (Q3 2026)",
      "prediction": "BETTER",
      "answer": "guide ~+8-10% vs. cons implied ~+5-6%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 Gross Bookings Growth (FY 2026)",
      "prediction": "BETTER",
      "answer": "guide ~+11-12% vs. cons +9.6%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 Adj. EPS Growth (FY 2026)",
      "prediction": "BETTER",
      "answer": "guide mid-teens (~+13-15%) vs. cons +10.2%",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 4.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 estimate revisions follow Q3 guide upward; sell-side models off the Q3 room night guide, pulling Q3/FY estimates up ~3-5%",
  "day5_confidence": "MEDIUM"
}