{
  "report_rows": [
    {
      "kpi": "Gross Bookings",
      "prediction": "BEAT",
      "answer": "pred ~$58.05B vs. cons $57.25B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$2.86B vs. cons $2.78B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.85 vs. cons $0.81",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 Gross Bookings",
      "prediction": "BETTER",
      "answer": "guide ~$60.40B vs. cons $59.75B (2026Q3)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 Adjusted EBITDA",
      "prediction": "BETTER",
      "answer": "guide ~$2.99B vs. cons $2.92B (2026Q3)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 Non-GAAP EPS",
      "prediction": "BETTER",
      "answer": "guide ~$0.88 vs. cons $0.84 (2026Q3)",
      "confidence": "LOW"
    },
    {
      "kpi": "Capital-allocation commentary",
      "prediction": "LOWER",
      "answer": "guide ~$2.0B quarterly buybacks vs. cons $3.0B (2026H2 quarterly run-rate)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.2,
  "day5_path": "FADE",
  "day5_rationale": "A ~$0.04 EPS beat versus ~$0.81 consensus and ~$0.07B EBITDA beat versus ~$2.78B consensus should support an initial positive reaction, but the residual likely fades from +2.8% on day 1 to +1.2% by day 5 as investors weigh reduced ~$2.0B buyback capacity versus a ~$3.0B consensus run-rate and strategic AV/Delivery Hero spending.",
  "day5_confidence": "MEDIUM"
}