{
  "report_rows": [
    {
      "kpi": "Gross Bookings (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$57.9B vs. cons ~$57.2B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2.82B vs. cons ~$2.77B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$0.87 vs. cons ~$0.83",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 Gross Bookings growth (YoY, constant currency)",
      "prediction": "LOWER",
      "answer": "guide ~19% vs. cons ~20% (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 Adjusted EBITDA",
      "prediction": "UNCHANGED",
      "answer": "guide ~$2.95B vs. cons ~$2.93B (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Delivery Hero deal EPS accretion (Year 3)",
      "prediction": "UNCHANGED",
      "answer": "guide ~8% vs. cons/prior guide ~8% (by FY2028/Year 3 post-close)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.5,
  "day5_path": "FADE",
  "day5_rationale": "A clean Q2 beat on Bookings/EBITDA/EPS should drive an initial positive pop (stock has already de-risked somewhat after the July Waymo-driven selloff, bouncing off $65.94 back to ~$72), but the Q3 guide signaling growth deceleration to ~19% GB growth (down from >21% streak) implies implicit cuts to out-period Mobility/Delivery estimates even as the current quarter beats. Combined with unresolved overhangs (escalating Waymo/labor tension into DC AV legislation, Delivery Hero financing/integration risk, and AV competitive share questions in SF/LA), analysts are likely to trim FY26/FY27 estimates on the back-half deceleration, causing the initial beat-driven pop to partially fade over the following days rather than sustain a full follow-through move.",
  "day5_confidence": "MEDIUM"
}