{
  "report_rows": [
    {
      "kpi": "Marketplace GOV (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$33.5B vs. cons $32.92B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$870M vs. cons $843M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Operating EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$1.40 vs. cons $1.343",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 GOV",
      "prediction": "LOWER",
      "answer": "guide ~$34.3B midpoint vs. implied cons ~$34.5B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 Adj. EBITDA",
      "prediction": "BETTER",
      "answer": "guide ~$910M midpoint vs. implied cons ~$900M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 EBITDA Margin",
      "prediction": "UNCHANGED",
      "answer": "reaffirmed 'slightly higher vs. 2025' vs. cons 20.5%",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 4.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 EBITDA estimate revisions upward drive modest continuation; GOV guide trim limits magnitude",
  "day5_confidence": "MEDIUM"
}