{
  "report_rows": [
    {
      "kpi": "GMV (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$21.85B vs. cons $21.577B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "EPS Non-GAAP Diluted (Q2 2026)",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.52 vs. cons $1.506",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Advertising Revenue (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$595M vs. cons $575M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "GMV (Q3 2026)",
      "prediction": "BETTER",
      "answer": "guide ~$21.5B mid vs. cons $21.094B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Revenue (Q3 2026)",
      "prediction": "BETTER",
      "answer": "guide ~$3.00B mid vs. cons $2.973B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "EPS (Q3 2026)",
      "prediction": "BETTER",
      "answer": "guide ~$1.465 mid vs. cons $1.450",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 Operating Income Growth",
      "prediction": "UNCHANGED",
      "answer": "maintain 9-11% core vs. cons ~flat",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 4.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 sell-side revises Q3/FY estimates up on genuine guide raise; Depop dilution is known and already modeled",
  "day5_confidence": "MEDIUM"
}