{
  "report_rows": [
    {
      "kpi": "Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$4.220B vs. cons $4.171B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Gross bookings",
      "prediction": "BEAT",
      "answer": "pred ~$33.350B vs. cons $32.971B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$1.070B vs. cons $1.037B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 revenue",
      "prediction": "BETTER",
      "answer": "guide ~$16.2B-$16.4B vs. cons $16.024B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 gross bookings",
      "prediction": "UNCHANGED",
      "answer": "guide ~$129B-$131B vs. cons $129.258B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 EBITDA-margin expansion",
      "prediction": "BETTER",
      "answer": "guide ~125-150 bps vs. cons UNVERIFIED",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 4.0,
  "day1_confidence": "LOW",
  "day5_residual_pct": 6.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 FY revenue/margin raise drives revisions",
  "day5_confidence": "LOW"
}